Mercantile Ports & Logistics Ltd (LON:MPL) shares hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 1.60 ($0.02) and last traded at GBX 1.65 ($0.02), with a volume of 465526 shares changing hands. The stock had previously closed at GBX 1.75 ($0.02).
The company has a debt-to-equity ratio of 29.24, a current ratio of 1.89 and a quick ratio of 1.21. The firm has a fifty day simple moving average of GBX 1.82 and a 200 day simple moving average of GBX 2.22. The company has a market capitalization of $31.43 million and a price-to-earnings ratio of -2.75.
In other Mercantile Ports & Logistics news, insider Lord Flight acquired 1,250,000 shares of the company’s stock in a transaction on Friday, June 14th. The shares were bought at an average cost of GBX 2 ($0.03) per share, with a total value of £25,000 ($32,666.93).
Mercantile Ports & Logistics Company Profile (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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