Mercantile Ports & Logistics (LON:MPL) Stock Price Up 9% – Should You Buy?

Shares of Mercantile Ports & Logistics Limited (LON:MPL) rose 9% on Thursday . The stock traded as high as GBX 1.40 ($0.02) and last traded at GBX 1.39 ($0.02). Approximately 14,166 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 242,818 shares. The stock had previously closed at GBX 1.28 ($0.02).

Mercantile Ports & Logistics Stock Performance

The company has a 50-day moving average price of GBX 1.55 and a two-hundred day moving average price of GBX 1.65. The company has a current ratio of 1.01, a quick ratio of 0.38 and a debt-to-equity ratio of 77.03. The stock has a market capitalization of £4.95 million, a P/E ratio of -12.75 and a beta of 0.41.

Insider Transactions at Mercantile Ports & Logistics

In other news, insider Jeremy Allen sold 80,048 shares of Mercantile Ports & Logistics 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 ($2,076.20). Corporate insiders own 60.23% 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.