Mercantile Ports & Logistics (LON:MPL) Posts Quarterly Earnings Results

Mercantile Ports & Logistics (LON:MPLGet Free Report) posted its quarterly earnings results on Tuesday. The company reported GBX (0.08) EPS for the quarter, Digital Look Earnings reports.

Mercantile Ports & Logistics Trading Down 9.3%

Shares of LON MPL traded down GBX 0.12 during trading hours on Friday, hitting GBX 1.23. The company’s stock had a trading volume of 30,685,568 shares, compared to its average volume of 11,425,103. The company has a debt-to-equity ratio of 77.03, a quick ratio of 0.38 and a current ratio of 1.01. The stock has a market cap of £4.36 million, a price-to-earnings ratio of -0.14 and a beta of 0.41. Mercantile Ports & Logistics has a 12 month low of GBX 0.20 and a 12 month high of GBX 3.30. The business has a 50-day simple moving average of GBX 1.29 and a 200-day simple moving average of GBX 0.80.

Mercantile Ports & Logistics Company Profile

(Get Free Report)

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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