Mercantile Ports & Logistics (LON:MPL) Stock Falls 15.6% – Time to Sell?

Mercantile Ports & Logistics Limited (LON:MPL)’s share price traded down 15.6% during mid-day trading on Thursday. The stock traded as low as GBX 3.04 and last traded at GBX 3.04. Approximately 2,843,690 shares were traded during mid-day trading, a decline of 73% from the average session volume of 10,512,815 shares. The stock had previously closed at GBX 3.60.

Mercantile Ports & Logistics Price Performance

The stock’s 50-day moving average is GBX 2.52 and its 200 day moving average is GBX 1.41. The company has a debt-to-equity ratio of 77.03, a quick ratio of 0.38 and a current ratio of 1.01. The stock has a market capitalization of £9.86 million, a PE ratio of -1.26 and a beta of 0.41.

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.

Mercantile Ports & Logistics Company Profile

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.