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

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

Mercantile Ports & Logistics Trading Up 1.6%

MPL traded up GBX 0.03 during trading on Wednesday, hitting GBX 1.57. 23,215,398 shares of the company’s stock were exchanged, compared to its average volume of 11,253,152. Mercantile Ports & Logistics has a 1 year low of GBX 0.20 and a 1 year high of GBX 3.30. The stock has a 50 day moving average price of GBX 1.27 and a 200 day moving average price of GBX 0.78. The firm has a market cap of £5.61 million, a P/E ratio of -0.19 and a beta of 0.41. The company has a current ratio of 1.01, a quick ratio of 0.38 and a debt-to-equity ratio of 77.03.

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.