Mercantile Ports & Logistics (LON:MPL) Announces Earnings Results

Mercantile Ports & Logistics (LON:MPL) issued its quarterly earnings data on Tuesday. The company reported GBX (0.08) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Mercantile Ports & Logistics Stock Down 9.3%

Mercantile Ports & Logistics stock traded down GBX 0.12 during midday trading on Friday, hitting GBX 1.23. 30,685,568 shares of the stock were exchanged, compared to its average volume of 11,425,103. Mercantile Ports & Logistics has a 1 year low of GBX 0.20 and a 1 year high of GBX 3.30. 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 firm has a market cap of £4.36 million, a P/E ratio of -0.14 and a beta of 0.41. The company has a 50 day moving average price of GBX 1.28 and a two-hundred day moving average price of GBX 0.79.

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.