Shares of Mercantile Ports & Logistics Limited (LON:MPL – Get Free Report) dropped 7.1% on Tuesday . The company traded as low as GBX 1.40 and last traded at GBX 1.44. Approximately 34,795,590 shares were traded during mid-day trading, an increase of 221% from the average daily volume of 10,833,897 shares. The stock had previously closed at GBX 1.55.
Mercantile Ports & Logistics Stock Performance
The stock has a fifty day simple moving average of GBX 1.14 and a two-hundred day simple moving average of GBX 0.67. The stock has a market cap of £5.52 million, a price-to-earnings ratio of -0.18 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.
About Mercantile Ports & Logistics
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.
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