Mercantile Ports & Logistics (LON:MPL) Issues Quarterly Earnings Results

Mercantile Ports & Logistics (LON:MPLGet Free Report) released its quarterly earnings results on Tuesday. The company reported GBX (0.05) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Mercantile Ports & Logistics Stock Performance

LON:MPL opened at GBX 1 on Tuesday. The stock has a fifty day moving average price of GBX 1.34 and a 200-day moving average price of GBX 1.12. The company has a market cap of £3.56 million, a price-to-earnings ratio of -19.23 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. Mercantile Ports & Logistics has a fifty-two week low of GBX 0.80 and a fifty-two week high of GBX 1.80.

About Mercantile Ports & Logistics

(Get Free Report)

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.

Read More

Receive News & Ratings for Mercantile Ports & Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercantile Ports & Logistics and related companies with MarketBeat.com's FREE daily email newsletter.