Mercantile Ports & Logistics (LON:MPL) Trading 5.2% Higher – What’s Next?

Mercantile Ports & Logistics Limited (LON:MPL) was up 5.2% during trading on Thursday . The company traded as high as GBX 1.48 and last traded at GBX 1.31. 5,872,207 shares traded hands during trading, a decline of 45% from the average session volume of 10,724,245 shares. The stock had previously closed at GBX 1.25.

Mercantile Ports & Logistics Trading Up 5.2%

The stock has a market capitalization of £4.69 million, a P/E ratio of -0.15 and a beta of 0.41. The company has a current ratio of 1.01, a quick ratio of 0.38 and a debt-to-equity ratio of 77.03. The company has a 50-day moving average price of GBX 1.50 and a 200 day moving average price of GBX 0.89.

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