Mercantile Ports & Logistics (LON:MPL) Trading 13.3% Higher – What’s Next?

Mercantile Ports & Logistics Limited (LON:MPL) shot up 13.3% during trading on Monday . The stock traded as high as GBX 2 and last traded at GBX 1.79. 9,744,498 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 10,450,378 shares. The stock had previously closed at GBX 1.58.

Mercantile Ports & Logistics Stock Performance

The company has a market cap of £6.38 million, a price-to-earnings ratio of -0.22 and a beta of 0.41. The firm’s 50 day simple moving average is GBX 1.49 and its 200-day simple moving average is GBX 1.05. 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 (LON:MPL) last issued its earnings results on Tuesday, June 30th. The company reported GBX (0.08) EPS for the quarter.

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.