Mercantile Ports & Logistics (LON:MPL) Stock Price Down 10.6% – Here’s Why

Mercantile Ports & Logistics Limited (LON:MPL)’s stock price was down 10.6% during trading on Wednesday. The company traded as low as GBX 3.50 and last traded at GBX 3.80. Approximately 21,908,410 shares were traded during trading, an increase of 102% from the average daily volume of 10,836,021 shares. The stock had previously closed at GBX 4.25.

Mercantile Ports & Logistics Stock Performance

The stock has a market cap of £13.54 million, a price-to-earnings ratio of -0.47 and a beta of 0.41. The company has a current ratio of 1.01, a quick ratio of 0.38 and a debt-to-equity ratio of 77.03. The firm has a fifty day simple moving average of GBX 1.78 and a 200-day simple moving average of GBX 1.43.

Mercantile Ports & Logistics (LON:MPL) last posted its quarterly earnings results on Wednesday, September 30th. The company reported GBX (0.90) earnings per share for the quarter.

Mercantile Ports & Logistics Company Profile

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.