Mercantile Ports & Logistics (LON:MPL) Stock Price Down 12.7% – Time to Sell?

Mercantile Ports & Logistics Limited (LON:MPL)’s share price dropped 12.7% during trading on Monday . The company traded as low as GBX 1.43 and last traded at GBX 1.43. Approximately 7,366,546 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 9,724,445 shares. The stock had previously closed at GBX 1.63.

Mercantile Ports & Logistics Stock Performance

The stock has a fifty day moving average of GBX 0.98 and a 200-day moving average of GBX 0.62. The firm has a market capitalization of £5.99 million, a P/E ratio of -0.20 and a beta of 0.41. The company has a quick ratio of 0.38, a current ratio of 1.01 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.