Mercantile Ports & Logistics (LON:MPL) Hits New 1-Year Low – Should You Sell?

Mercantile Ports & Logistics Limited (LON:MPL)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as GBX 0.53 and last traded at GBX 0.80, with a volume of 49364 shares trading hands. The stock had previously closed at GBX 0.65.

Mercantile Ports & Logistics Stock Performance

The company has a fifty day moving average price of GBX 0.93 and a two-hundred day moving average price of GBX 1.09. The company has a debt-to-equity ratio of 77.03, a current ratio of 1.01 and a quick ratio of 0.38. The company has a market capitalization of £2.85 million, a P/E ratio of -0.09 and a beta of 0.41.

Mercantile Ports & Logistics (LON:MPL) last posted its earnings results on Tuesday, September 30th. The company reported GBX (0.05) EPS for the quarter.

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.