Mercantile Ports & Logistics (LON:MPL) Announces Quarterly Earnings Results
by Tristan Rich · The Markets DailyMercantile Ports & Logistics (LON:MPL – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported GBX (0.08) EPS for the quarter, Digital Look Earnings reports. The business had revenue of GBX 140 million for the quarter.
Mercantile Ports & Logistics Price Performance
MPL stock traded down GBX 0.33 during trading on Tuesday, hitting GBX 1.57. The company had a trading volume of 33,039,586 shares, compared to its average volume of 11,195,483. The firm has a market capitalization of £5.60 million, a price-to-earnings ratio of -0.19 and a beta of 0.41. The business has a 50 day moving average of GBX 1.28 and a 200 day moving average of GBX 0.77. Mercantile Ports & Logistics has a fifty-two week low of GBX 0.20 and a fifty-two week high of GBX 3.30. The company has a current ratio of 1.01, a quick ratio of 0.38 and a debt-to-equity ratio of 77.03.
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.