Mercantile Ports & Logistics (LON:MPL) Stock Price Down 9.2% – What’s Next?

Mercantile Ports & Logistics Limited (LON:MPL) shares traded down 9.2% on Friday . The stock traded as low as GBX 1.90 and last traded at GBX 2.04. Approximately 28,701,143 shares traded hands during trading, an increase of 161% from the average daily volume of 11,016,610 shares. The stock had previously closed at GBX 2.25.

Mercantile Ports & Logistics Price Performance

The firm has a market capitalization of £7.28 million, a P/E ratio of -0.24 and a beta of 0.41. 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 firm has a 50-day moving average of GBX 1.30 and a 200-day moving average of GBX 0.75.

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.