Mercantile Ports & Logistics (LON:MPL) Trading Down 21.4%

Mercantile Ports & Logistics Limited (LON:MPL) traded down 21.4% 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). 2,224,261 shares changed hands during mid-day trading, an increase of 810% from the average session volume of 244,330 shares. The stock had previously closed at GBX 1.40 ($0.02).

Mercantile Ports & Logistics Price Performance

The firm has a market capitalization of £3.92 million, a price-to-earnings ratio of -13.00 and a beta of 0.41. The company has a quick ratio of 0.38, a current ratio of 1.39 and a debt-to-equity ratio of 66.36. The company’s fifty day moving average is GBX 1.79 and its two-hundred day moving average is GBX 1.74.

Insider Activity

In other Mercantile Ports & Logistics news, insider Jeremy Allen sold 80,048 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of GBX 2 ($0.03), for a total value of £1,600.96 ($2,141.47). 60.56% of the stock is currently 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.