Mercantile Ports & Logistics (LON:MPL) Hits New 1-Year Low – Here’s What Happened

Mercantile Ports & Logistics Limited (LON:MPLGet Free Report)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 1.10 ($0.01) and last traded at GBX 1.10 ($0.01), with a volume of 3731396 shares traded. The stock had previously closed at GBX 1.18 ($0.01).

Mercantile Ports & Logistics Stock Down 6.4 %

The company’s 50 day simple moving average is GBX 1.25 and its 200-day simple moving average is GBX 1.54. The company has a current ratio of 1.01, a quick ratio of 0.38 and a debt-to-equity ratio of 77.03. The firm has a market cap of £3.92 million, a P/E ratio of -12.75 and a beta of 0.41.

About Mercantile Ports & Logistics

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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.

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