Mercantile Ports & Logistics (LON:MPL) Shares Down 25% – Should You Sell?

Mercantile Ports & Logistics Limited (LON:MPL)’s share price was down 25% on Thursday . The company traded as low as GBX 0.40 and last traded at GBX 0.45. Approximately 957,189 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 2,971,215 shares. The stock had previously closed at GBX 0.60.

Mercantile Ports & Logistics Stock Performance

The firm’s fifty day moving average price is GBX 0.48 and its 200-day moving average price is GBX 0.93. The company has a market cap of £1.60 million, a P/E ratio of -0.05 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 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.