Mercantile Ports & Logistics (LON:MPL) Stock Price Down 4.6% – Here’s Why

Mercantile Ports & Logistics Limited (LON:MPL) dropped 4.6% on Friday . The company traded as low as GBX 1.12 ($0.01) and last traded at GBX 1.12 ($0.01). Approximately 314,565 shares traded hands during trading, an increase of 25% from the average daily volume of 250,751 shares. The stock had previously closed at GBX 1.18 ($0.01).

Mercantile Ports & Logistics Stock Down 4.6 %

The company has a market cap of £3.99 million, a P/E ratio of -12.75 and a beta of 0.41. The stock has a 50-day moving average of GBX 1.25 and a two-hundred day moving average of GBX 1.55. The company has a debt-to-equity ratio of 77.03, a quick ratio of 0.38 and a current ratio of 1.01.

About Mercantile Ports & Logistics

Mercantile Ports & Logistics Limited, through its subsidiaries, develops, owns, and operates port and logistics facilities in India. The company developing a port and logistics facility in approximately 200 acres of land with a sea frontage of 1,000 meters at Karanja Creek. It also provides port operation services, including cargo handling, storage, other ancillary port, and logistics services.