Mercantile Ports & Logistics (LON:MPL) Stock Price Down 11.1%

Shares of Mercantile Ports & Logistics Limited (LON:MPL) traded down 11.1% during mid-day trading on Wednesday . The stock traded as low as GBX 1.87 ($0.03) and last traded at GBX 1.87 ($0.03). 250,031 shares traded hands during trading, an increase of 7% from the average session volume of 234,242 shares. The stock had previously closed at GBX 2.10 ($0.03).

Mercantile Ports & Logistics Stock Performance

The company has a market cap of £6.65 million, a price-to-earnings ratio of -18.79 and a beta of 0.41. The firm has a 50 day simple moving average of GBX 1.78 and a 200-day simple moving average of GBX 1.73. The company has a debt-to-equity ratio of 66.36, a current ratio of 1.39 and a quick ratio of 0.38.

Insiders Place Their Bets

In other news, insider Jeremy Allen sold 80,048 shares of Mercantile Ports & Logistics stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of GBX 2 ($0.03), for a total transaction of £1,600.96 ($2,143.76). 60.56% of the stock is owned by company insiders.

Mercantile Ports & Logistics Company Profile

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.