Shares of Mercantile Ports & Logistics Limited (LON:MPL – Get Free Report) traded down 33.3% on Thursday . The stock traded as low as GBX 0.20 and last traded at GBX 0.20. 146,371 shares traded hands during trading, a decline of 62% from the average session volume of 380,669 shares. The stock had previously closed at GBX 0.30.
Mercantile Ports & Logistics Price Performance
The stock has a market capitalization of £712,626.00, a price-to-earnings ratio of -0.02 and a beta of 0.41. The company has a quick ratio of 0.38, a current ratio of 1.01 and a debt-to-equity ratio of 77.03. The stock has a fifty day moving average of GBX 0.61 and a 200-day moving average of GBX 0.99.
Mercantile Ports & Logistics (LON:MPL – Get Free Report) last issued its quarterly earnings data on Tuesday, September 30th. The company reported GBX (0.05) earnings per share 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.
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