Mercantile Ports & Logistics (LON:MPL) Stock Price Up 10.9% – Time to Buy?

Mercantile Ports & Logistics Limited (LON:MPL) rose 10.9% during trading on Thursday. The company traded as high as GBX 4.36 and last traded at GBX 4.16. 15,095,236 shares traded hands during trading, an increase of 39% from the average daily volume of 10,833,262 shares. The stock had previously closed at GBX 3.75.

Mercantile Ports & Logistics Price Performance

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 stock has a market cap of £14.82 million, a P/E ratio of -0.51 and a beta of 0.41. The business’s 50-day simple moving average is GBX 1.82 and its two-hundred day simple moving average is GBX 1.46.

Mercantile Ports & Logistics (LON:MPL) last announced its quarterly earnings results on Wednesday, September 30th. The company reported GBX (0.90) earnings per share 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.