Mercantile Ports & Logistics (LON:MPL) Stock Price Down 11.4% – Time to Sell?

Mercantile Ports & Logistics Limited (LON:MPL) shares fell 11.4% during trading on Tuesday . The company traded as low as GBX 0.31 and last traded at GBX 0.31. 151,550 shares changed hands during trading, a decline of 78% from the average session volume of 681,543 shares. The stock had previously closed at GBX 0.35.

Mercantile Ports & Logistics Price Performance

The firm’s 50-day moving average is GBX 0.36 and its 200-day moving average is GBX 0.52. The company has a market capitalization of £1.10 million, a PE ratio of -0.04 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.

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.