Mercantile Ports & Logistics (LON:MPL) Hits New 12-Month Low – What’s Next?

Mercantile Ports & Logistics Limited (LON:MPL)’s share price reached a new 52-week low on Monday . The company traded as low as GBX 1 ($0.01) and last traded at GBX 1 ($0.01), with a volume of 46128 shares traded. The stock had previously closed at GBX 1.08 ($0.01).

Mercantile Ports & Logistics Trading Up 6.8 %

The company has a 50 day moving average of GBX 1.14 and a two-hundred day moving average of GBX 1.38. The stock has a market capitalization of £4.09 million, a PE ratio of -12.75 and a beta of 0.41. The company has a debt-to-equity ratio of 77.03, a quick ratio of 0.38 and a current ratio of 1.01.

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.