Mercantile Ports & Logistics (LON:MPL) Reaches New 12-Month Low at $1.60
Mercantile Ports & Logistics Ltd (LON:MPL) hit a new 52-week low during trading on Thursday . The company traded as low as GBX 1.60 ($0.02) and last traded at GBX 1.65 ($0.02), with a volume of 465526 shares traded. The stock had previously closed at GBX 1.75 ($0.02).
The company has a debt-to-equity ratio of 29.24, a current ratio of 1.89 and a quick ratio of 1.21. The company has a market cap of $31.43 million and a P/E ratio of -2.75. The stock has a 50-day moving average of GBX 1.82 and a 200 day moving average of GBX 2.22.
In related news, insider Lord Flight purchased 1,250,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were bought at an average price of GBX 2 ($0.03) per share, for a total transaction of £25,000 ($32,666.93).
Mercantile Ports and Logistics Limited, formerly SKIL Ports & Logistics Limited, is a holding company. The Company develops, owns and operates port and logistics facilities. It is engaged in developing a port and logistics facility at Karanja Creek in the Raigad District of Maharashtra. It intends to develop and operate shallow draft ports or deep draft ports at other locations along the Indian coastline.
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