Mercantile Ports & Logistics (LON:MPL) Stock Price Down 6.8% – Here’s What Happened

Mercantile Ports & Logistics Limited (LON:MPL) shares traded down 6.8% on Thursday . The stock traded as low as GBX 1.30 and last traded at GBX 1.35. 50,432,648 shares traded hands during trading, an increase of 537% from the average session volume of 7,914,624 shares. The stock had previously closed at GBX 1.45.

Mercantile Ports & Logistics Stock Up 16.6%

The company has a market capitalization of £6.02 million, a P/E ratio of -0.20 and a beta of 0.41. The firm’s 50 day moving average price is GBX 0.65 and its two-hundred day moving average price is GBX 0.54. The company has a current ratio of 1.01, a quick ratio of 0.38 and a debt-to-equity ratio of 77.03.

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.