Mercantile Ports & Logistics (LON:MPL) Trading Up 9% – Should You Buy?

Mercantile Ports & Logistics Limited (LON:MPL) shot up 9% during mid-day trading on Thursday . The stock traded as high as GBX 1.40 ($0.02) and last traded at GBX 1.39 ($0.02). 14,166 shares were traded during mid-day trading, a decline of 94% from the average session volume of 242,818 shares. The stock had previously closed at GBX 1.28 ($0.02).

Mercantile Ports & Logistics Price Performance

The company has a quick ratio of 0.38, a current ratio of 1.01 and a debt-to-equity ratio of 77.03. The stock has a market capitalization of £4.81 million, a P/E ratio of -12.75 and a beta of 0.41. The business’s 50 day simple moving average is GBX 1.54 and its two-hundred day simple moving average is GBX 1.65.

Insider Activity at Mercantile Ports & Logistics

In other Mercantile Ports & Logistics news, insider Jeremy Allen sold 80,048 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of GBX 2 ($0.03), for a total transaction of £1,600.96 ($2,076.20). 60.23% of the stock is owned by 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.