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

Mercantile Ports & Logistics Limited (LON:MPL) reached a new 52-week low during trading on Monday . The company traded as low as GBX 1 ($0.01) and last traded at GBX 1.05 ($0.01), with a volume of 27626 shares trading hands. The stock had previously closed at GBX 1.07 ($0.01).

Mercantile Ports & Logistics Stock Performance

The company’s fifty day simple moving average is GBX 1.12 and its two-hundred day simple moving average is GBX 1.34. The company has a market capitalization of £3.74 million, a price-to-earnings 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.