Mercantile Ports & Logistics Limited (LON:MPL – Get Free Report) shares rose 10.9% during mid-day trading on Thursday. The stock traded as high as GBX 4.36 and last traded at GBX 4.16. Approximately 15,095,236 shares changed hands during trading, an increase of 39% from the average daily volume of 10,833,262 shares. The stock had previously closed at GBX 3.75.
Mercantile Ports & Logistics Trading Up 10.9%
The firm’s 50 day moving average is GBX 1.82 and its 200 day moving average is GBX 1.46. 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 company has a market capitalization of £14.82 million, a PE ratio of -0.51 and a beta of 0.41.
Mercantile Ports & Logistics (LON:MPL – Get Free Report) last posted its earnings results on Wednesday, September 30th. The company reported GBX (0.90) earnings per share (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.
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