Mercantile Ports & Logistics (MPL) Trading Down 12%

Mercantile Ports & Logistics Ltd (LON:MPL)’s share price was down 12% on Thursday . The stock traded as low as GBX 2.20 ($0.03) and last traded at GBX 2.20 ($0.03). Approximately 340,907 shares were traded during mid-day trading, an increase of 47% from the average daily volume of 231,693 shares. The stock had previously closed at GBX 2.50 ($0.03).

In other Mercantile Ports & Logistics news, insider Lord Flight acquired 3,000,000 shares of the stock in a transaction dated Friday, December 7th. The shares were purchased at an average price of GBX 2 ($0.03) per share, for a total transaction of £60,000 ($78,400.63).

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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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