Mercantile Ports & Logistics (LON:MPL) Hits New 52-Week Low – Time to Sell?

Mercantile Ports & Logistics Limited (LON:MPL)’s stock price reached a new 52-week low on Tuesday . The company traded as low as GBX 1 ($0.01) and last traded at GBX 1 ($0.01), with a volume of 453546 shares changing hands. The stock had previously closed at GBX 1.12 ($0.01).

Mercantile Ports & Logistics Stock Down 10.8 %

The company has a debt-to-equity ratio of 77.03, a current ratio of 1.01 and a quick ratio of 0.38. The firm’s 50-day moving average price is GBX 1.16 and its 200 day moving average price is GBX 1.42. The firm has a market cap of £3.56 million, a P/E ratio of -12.75 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.