Mercantile Ports & Logistics Limited (LON:MPL – Get Free Report)’s share price shot up 97.6% on Wednesday . The company traded as high as GBX 0.84 and last traded at GBX 0.84. 22,653,545 shares changed hands during mid-day trading, an increase of 303% from the average session volume of 5,625,422 shares. The stock had previously closed at GBX 0.43.
Mercantile Ports & Logistics Trading Up 121.2%
The business’s fifty day simple moving average is GBX 0.63 and its two-hundred day simple moving average is GBX 0.54. The stock has a market capitalization of £3.35 million, a P/E ratio of -0.11 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.
About Mercantile Ports & Logistics
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.
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