Mercantile Ports & Logistics Limited (LON:MPL – Get Free Report) hit a new 52-week low on Friday . The stock traded as low as GBX 0.20 and last traded at GBX 0.36, with a volume of 251397 shares traded. The stock had previously closed at GBX 0.30.
Mercantile Ports & Logistics Trading Up 20.0%
The company’s 50 day simple moving average is GBX 0.51 and its 200-day simple moving average is GBX 0.94. The firm has a market cap of £1.28 million, a P/E ratio of -0.04 and a beta of 0.41. The company has a quick ratio of 0.38, a current ratio of 1.01 and a debt-to-equity ratio of 77.03.
Mercantile Ports & Logistics (LON:MPL – Get Free Report) last issued its quarterly earnings results on Tuesday, September 30th. The company reported GBX (0.05) 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.
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