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

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

Mercantile Ports & Logistics Stock Down 16.1%

LON MPL opened at GBX 1.30 on Thursday. The stock has a 50 day moving average price of GBX 1.26 and a 200-day moving average price of GBX 0.79. Mercantile Ports & Logistics has a one year low of GBX 0.20 and a one year high of GBX 3.30. The company has a debt-to-equity ratio of 77.03, a quick ratio of 0.38 and a current ratio of 1.01. The company has a market capitalization of £4.63 million, a P/E ratio of -0.15 and a beta of 0.41.

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.