Mercantile Ports & Logistics (LON:MPL) Trading Down 20% – Should You Sell?

Shares of Mercantile Ports & Logistics Limited (LON:MPL) fell 20% during mid-day trading on Tuesday . The stock traded as low as GBX 0.26 and last traded at GBX 0.26. 100,000 shares traded hands during trading, a decline of 85% from the average session volume of 684,709 shares. The stock had previously closed at GBX 0.33.

Mercantile Ports & Logistics Price Performance

The stock has a market capitalization of £1.10 million, a price-to-earnings ratio of -0.04 and a beta of 0.41. The company has a 50 day moving average of GBX 0.38 and a 200 day moving average of GBX 0.54. The company has a quick ratio of 0.38, a current ratio of 1.01 and a debt-to-equity ratio of 77.03.

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.