Mercantile Ports & Logistics (LON:MPL) Stock Price Up 8.3%

Mercantile Ports & Logistics Limited (LON:MPLGet Free Report) shares traded up 8.3% during mid-day trading on Monday . The stock traded as high as GBX 1.98 ($0.03) and last traded at GBX 1.95 ($0.02). 367,447 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 571,946 shares. The stock had previously closed at GBX 1.80 ($0.02).

Mercantile Ports & Logistics Stock Down 5.1 %

The stock’s 50-day moving average is GBX 2.03 and its 200-day moving average is GBX 2.56. The stock has a market cap of £6.59 million, a P/E ratio of -9.25 and a beta of 0.57. The company has a current ratio of 1.33, a quick ratio of 0.38 and a debt-to-equity ratio of 46.61.

Insider Activity at Mercantile Ports & Logistics

In related news, insider Dmitri Tsvetkov bought 617,360 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The stock was purchased at an average price of GBX 2 ($0.03) per share, for a total transaction of £12,347.20 ($15,661.09). 55.63% of the stock is currently owned by insiders.

About Mercantile Ports & Logistics

(Get Free Report)

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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