Mercantile Ports & Logistics (LON:MPL) Stock Price Down 10.8% – Here’s Why

Mercantile Ports & Logistics Limited (LON:MPL) shares dropped 10.8% during mid-day trading on Monday . The company traded as low as GBX 1 ($0.01) and last traded at GBX 1 ($0.01). Approximately 453,546 shares traded hands during mid-day trading, an increase of 27% from the average daily volume of 355,976 shares. The stock had previously closed at GBX 1.12 ($0.01).

Mercantile Ports & Logistics Price Performance

The company has a current ratio of 1.01, a quick ratio of 0.38 and a debt-to-equity ratio of 77.03. The company has a 50 day moving average price of GBX 1.15 and a 200 day moving average price of GBX 1.41. The company has a market capitalization of £3.74 million, a P/E ratio of -12.75 and a beta of 0.41.

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.