Mercantile Ports & Logistics Limited (LON:MPL – Get Free Report) shares rose 19.3% during mid-day trading on Monday. The stock traded as high as GBX 3.50 and last traded at GBX 3.30. 9,657,416 shares changed hands during trading, a decline of 8% from the average daily volume of 10,487,788 shares. The stock had previously closed at GBX 2.77.
Mercantile Ports & Logistics Stock Up 19.3%
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 stock has a 50 day simple moving average of GBX 2.52 and a 200 day simple moving average of GBX 1.41. The firm has a market capitalization of £11.76 million, a PE ratio of -1.50 and a beta of 0.41.
Mercantile Ports & Logistics (LON:MPL – Get Free Report) last released its quarterly earnings data 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.
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