Mercantile Ports & Logistics Ltd (LON:MPL)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 1.60 ($0.02) and last traded at GBX 1.75 ($0.02), with a volume of 244570 shares. The stock had previously closed at GBX 1.75 ($0.02).
The company has a fifty day simple moving average of GBX 1.88. The company has a market capitalization of $33.34 million and a PE ratio of -2.92. The company has a current ratio of 1.89, a quick ratio of 1.21 and a debt-to-equity ratio of 29.24.
In related news, insider Lord Flight purchased 1,250,000 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were purchased at an average price of GBX 2 ($0.03) per share, with a total value of £25,000 ($32,666.93).
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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