Mercantile Ports & Logistics (LON:MPL) Trading Up 36.9% – Time to Buy?

Mercantile Ports & Logistics Limited (LON:MPL) shares traded up 36.9% on Monday . The stock traded as high as GBX 1.78 and last traded at GBX 1.70. Approximately 23,771,645 shares changed hands during trading, an increase of 128% from the average session volume of 10,430,904 shares. The stock had previously closed at GBX 1.24.

Mercantile Ports & Logistics Stock Up 10.1%

The company has a fifty day moving average of GBX 1.46 and a 200 day moving average of GBX 0.95. The company has a quick ratio of 0.38, a current ratio of 1.01 and a debt-to-equity ratio of 77.03. The company has a market cap of £6.67 million, a P/E ratio of -0.23 and a beta of 0.41.

Mercantile Ports & Logistics (LON:MPL) last announced its earnings results on Tuesday, June 30th. The company reported GBX (0.08) earnings per share (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.