Mercantile Ports & Logistics (LON:MPL) Trading 22.2% Higher – Here’s What Happened

Mercantile Ports & Logistics Limited (LON:MPL)’s stock price was up 22.2% during mid-day trading on Monday . The company traded as high as GBX 0.50 and last traded at GBX 0.44. Approximately 122,299 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 186,847 shares. The stock had previously closed at GBX 0.36.

Mercantile Ports & Logistics Stock Up 22.2%

The company has a debt-to-equity ratio of 77.03, a current ratio of 1.01 and a quick ratio of 0.38. The stock has a market capitalization of £1.57 million, a price-to-earnings ratio of -0.05 and a beta of 0.41. The firm’s fifty day moving average is GBX 0.51 and its 200-day moving average is GBX 0.94.

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.