Mercantile Ports & Logistics (LON:MPL) Trading Down 12% – Here’s Why

Mercantile Ports & Logistics Limited (LON:MPL) shares fell 12% during mid-day trading on Wednesday . The company traded as low as GBX 0.55 and last traded at GBX 0.55. 362,673 shares changed hands during trading, a decline of 87% from the average session volume of 2,755,041 shares. The stock had previously closed at GBX 0.63.

Mercantile Ports & Logistics Stock Performance

The company has a debt-to-equity ratio of 77.03, a current ratio of 1.01 and a quick ratio of 0.38. The firm’s 50-day moving average price is GBX 0.47 and its 200-day moving average price is GBX 0.91. The stock has a market cap of £2.24 million, a P/E ratio of -0.07 and a beta of 0.41.

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.