Mercantile Ports & Logistics (LON:MPL) Trading Up 11.4%

Mercantile Ports & Logistics Limited (LON:MPL) shares rose 11.4% during trading on Monday . The company traded as high as GBX 1.74 ($0.02) and last traded at GBX 1.74 ($0.02). Approximately 13,443 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 222,149 shares. The stock had previously closed at GBX 1.57 ($0.02).

Mercantile Ports & Logistics Stock Performance

The company’s fifty day simple moving average is GBX 1.73 and its two-hundred day simple moving average is GBX 1.71. The company has a debt-to-equity ratio of 66.36, a quick ratio of 0.38 and a current ratio of 1.39. The stock has a market capitalization of £7.30 million, a P/E ratio of -18.18 and a beta of 0.41.

Insider Transactions at Mercantile Ports & Logistics

In related news, insider Jeremy Allen sold 80,048 shares of Mercantile Ports & Logistics stock in a transaction that occurred 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 ($2,093.58). 60.56% of the stock is owned by corporate insiders.

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.