Mercantile Ports & Logistics (LON:MPL) Stock Price Up 20% – Here’s What Happened

by · The Cerbat Gem

Mercantile Ports & Logistics Limited (LON:MPL – Get Free Report)’s stock price rose 20% during mid-day trading on Wednesday . The company traded as high as GBX 0.60 and last traded at GBX 0.60. Approximately 43,665 shares changed hands during trading, a decline of 88% from the average daily volume of 370,191 shares. The stock had previously closed at GBX 0.50.

Mercantile Ports & Logistics Stock Performance

The firm has a market cap of £2.46 million, a price-to-earnings ratio of -0.08 and a beta of 0.41. The stock has a 50-day moving average of GBX 0.83 and a 200-day moving average of GBX 1.08. The company has a debt-to-equity ratio of 77.03, a quick ratio of 0.38 and a current ratio of 1.01.

Mercantile Ports & Logistics (LON:MPL – Get Free Report) last posted its quarterly earnings data on Tuesday, September 30th. The company reported GBX (0.05) earnings per share (EPS) for the quarter.

About Mercantile Ports & Logistics

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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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