Mercantile Ports & Logistics (LON:MPL) Trading Down 11.7% – Here’s What Happened

Mercantile Ports & Logistics Limited (LON:MPL)’s stock price was down 11.7% during trading on Friday . The stock traded as low as GBX 0.91 ($0.01) and last traded at GBX 0.91 ($0.01). Approximately 600,000 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 963,813 shares. The stock had previously closed at GBX 1.03 ($0.01).

Mercantile Ports & Logistics Stock Down 11.7 %

The stock has a market cap of £3.22 million, a PE ratio of -12.75 and a beta of 0.41. The firm has a fifty day moving average of GBX 1.09 and a 200 day moving average of GBX 1.27. The company has a quick ratio of 0.38, a current ratio of 1.01 and a debt-to-equity ratio of 77.03.

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.