Mercantile Ports & Logistics (LON:MPL) Stock Price Down 23.8% – What’s Next?

Mercantile Ports & Logistics Limited (LON:MPL)’s stock price fell 23.8% on Friday . The company traded as low as GBX 0.40 and last traded at GBX 0.40. 250,530 shares were traded during mid-day trading, a decline of 82% from the average session volume of 1,374,980 shares. The stock had previously closed at GBX 0.53.

Mercantile Ports & Logistics Stock Performance

The company has a market capitalization of £1.96 million, a PE ratio of -0.06 and a beta of 0.41. 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 firm’s fifty day simple moving average is GBX 0.45 and its 200 day simple moving average is GBX 0.87.

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.