Mercantile Ports & Logistics (LON:MPL) Shares Down 24% – Here’s Why

Mercantile Ports & Logistics Limited (LON:MPL) fell 24% on Wednesday . The stock traded as low as GBX 0.30 and last traded at GBX 0.30. 1,300,990 shares were traded during trading, an increase of 238% from the average session volume of 384,619 shares. The stock had previously closed at GBX 0.40.

Mercantile Ports & Logistics Stock Up 28.3%

The firm has a 50 day simple moving average of GBX 0.68 and a two-hundred day simple moving average of GBX 1.02. The stock has a market capitalization of £1.39 million, a P/E ratio of -0.05 and a beta of 0.41. The company has a quick ratio of 0.38, a current ratio of 1.01 and a debt-to-equity ratio of 77.03.

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