Mercantile Ports & Logistics (LON:MPL) Shares Down 5.5% – Should You Sell?

Mercantile Ports & Logistics Limited (LON:MPL) shares traded down 5.5% during trading on Wednesday . The company traded as low as GBX 0.40 and last traded at GBX 0.45. 1,832,186 shares were traded during trading, a decline of 69% from the average session volume of 5,870,191 shares. The stock had previously closed at GBX 0.48.

Mercantile Ports & Logistics Price Performance

The company has a quick ratio of 0.38, a current ratio of 1.01 and a debt-to-equity ratio of 77.03. The stock’s 50 day moving average price is GBX 0.62 and its two-hundred day moving average price is GBX 0.56. The firm has a market capitalization of £1.60 million, a price-to-earnings ratio of -0.05 and a beta of 0.41.

About Mercantile Ports & Logistics

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.