Mercantile Ports & Logistics (LON:MPL) Trading Up 36.9% – Still a Buy?

Mercantile Ports & Logistics Limited (LON:MPL) traded up 36.9% during trading on Monday . The stock traded as high as GBX 1.78 and last traded at GBX 1.70. Approximately 23,771,645 shares changed hands during trading, an increase of 128% from the average session volume of 10,430,904 shares. The stock had previously closed at GBX 1.24.

Mercantile Ports & Logistics Stock Performance

The firm has a market capitalization of £6.06 million, a P/E ratio of -0.20 and a beta of 0.41. The stock has a fifty day simple moving average of GBX 1.45 and a two-hundred day simple moving average of GBX 0.93. The company has a debt-to-equity ratio of 77.03, a current ratio of 1.01 and a quick ratio of 0.38.

Mercantile Ports & Logistics (LON:MPL) last posted its quarterly earnings results on Tuesday, June 30th. The company reported GBX (0.08) earnings per share (EPS) for the quarter.

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.