Mercantile Ports & Logistics (LON:MPL) Stock Price Down 33.3% – What’s Next?

Mercantile Ports & Logistics Limited (LON:MPL)’s stock price traded down 33.3% on Thursday . The company traded as low as GBX 0.20 and last traded at GBX 0.20. 146,371 shares changed hands during trading, a decline of 62% from the average session volume of 380,669 shares. The stock had previously closed at GBX 0.30.

Mercantile Ports & Logistics Price Performance

The company has a debt-to-equity ratio of 77.03, a quick ratio of 0.38 and a current ratio of 1.01. The company has a market capitalization of £712,626.00, a PE ratio of -0.02 and a beta of 0.41. The company’s 50-day simple moving average is GBX 0.61 and its 200-day simple moving average is GBX 0.99.

Mercantile Ports & Logistics (LON:MPL) last announced its earnings results on Tuesday, September 30th. The company reported GBX (0.05) EPS 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.