Mercantile Ports & Logistics Ltd (LON:MPL) dropped 1.8% on Tuesday . The company traded as low as GBX 0.25 ($0.00) and last traded at GBX 0.27 ($0.00), approximately 13,623,772 shares changed hands during trading. An increase of 5,780% from the average daily volume of 231,693 shares. The stock had previously closed at GBX 0.28 ($0.00).

The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 29.83. The stock has a 50-day simple moving average of GBX 0.36 and a two-hundred day simple moving average of GBX 0.77. The firm has a market capitalization of $6.00 million and a P/E ratio of -0.90.

About Mercantile Ports & Logistics (LON:MPL)

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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