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

Mercantile Ports & Logistics (LON:MPLGet Free Report) posted its quarterly earnings data on Tuesday. The company reported GBX (0.08) EPS for the quarter, Digital Look Earnings reports.

Mercantile Ports & Logistics Stock Performance

Shares of MPL traded down GBX 0.16 during mid-day trading on Thursday, reaching GBX 1.39. The company had a trading volume of 27,449,740 shares, compared to its average volume of 11,282,147. The stock has a market capitalization of £4.95 million, a P/E ratio of -0.16 and a beta of 0.41. Mercantile Ports & Logistics has a 52-week low of GBX 0.20 and a 52-week high of GBX 3.30. The stock has a 50 day moving average of GBX 1.26 and a two-hundred day moving average of GBX 0.79. The company has a quick ratio of 0.38, a current ratio of 1.01 and a debt-to-equity ratio of 77.03.

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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