Mercantile Ports & Logistics (LON:MPL) Shares Down 5.8%

Mercantile Ports & Logistics Limited (LON:MPL) shares were down 5.8% during trading on Thursday . The stock traded as low as GBX 1.90 ($0.03) and last traded at GBX 1.92 ($0.03). Approximately 250,000 shares traded hands during trading, an increase of 6% from the average daily volume of 234,836 shares. The stock had previously closed at GBX 2.04 ($0.03).

Mercantile Ports & Logistics Stock Performance

The company has a market cap of £6.77 million, a price-to-earnings ratio of -17.27 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 firm has a 50-day simple moving average of GBX 1.77 and a 200 day simple moving average of GBX 1.73.

Insider Activity

In other news, insider Jeremy Allen sold 80,048 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of GBX 2 ($0.03), for a total value of £1,600.96 ($2,114.87). Insiders own 60.56% of the company’s stock.

About Mercantile Ports & Logistics

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.