Mercantile Ports & Logistics (LON:MPL) Sets New 1-Year Low – Time to Sell?

Shares of Mercantile Ports & Logistics Limited (LON:MPL) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 0.40 and last traded at GBX 0.40, with a volume of 404866 shares traded. The stock had previously closed at GBX 0.60.

Mercantile Ports & Logistics Trading Up 25.0%

The stock has a market cap of £2.67 million, a price-to-earnings ratio of -0.09 and a beta of 0.41. The business’s 50 day moving average is GBX 0.76 and its 200 day moving average is GBX 1.05. The company has a debt-to-equity ratio of 77.03, a current ratio of 1.01 and a quick ratio of 0.38.

Mercantile Ports & Logistics (LON:MPL) last released its quarterly earnings data on Tuesday, September 30th. The company reported GBX (0.05) earnings per share (EPS) for the quarter.

About Mercantile Ports & Logistics

The company is currently implementing its maiden project of developing a modern port and logistics facility at Karanja Creek in the Raigad District of Maharashtra. The facility will be developed over 200 acres of land with a sea frontage of appx 1,000 meters.
The terminal will be designed to handle vessels of up to 4000 DWT having a draft of up to 5 meters, with the potential to handle vessels up to 10 meter draft at a later stage.

Logistics Facility

Karanja Terminal will also house an ultra-modern logistics complex spread over approximately 100 acres of land.