Mercantile Ports & Logistics Limited (LON:MPL – Get Free Report) shares shot up 57.4% on Thursday . The stock traded as high as GBX 2.38 and last traded at GBX 2.27. 39,669,176 shares changed hands during trading, an increase of 267% from the average daily volume of 10,802,650 shares. The stock had previously closed at GBX 1.44.
Mercantile Ports & Logistics Stock Performance
The company has a quick ratio of 0.38, a current ratio of 1.01 and a debt-to-equity ratio of 77.03. The company has a market capitalization of £7.28 million, a PE ratio of -0.24 and a beta of 0.41. The stock’s fifty day simple moving average is GBX 1.29 and its 200-day simple moving average is GBX 0.76.
About Mercantile Ports & Logistics
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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