Emmerson (LON:EML) Trading 1.8% Higher – Time to Buy?

Emmerson PLC (LON:EML)’s stock price shot up 1.8% during trading on Wednesday . The company traded as high as GBX 2.24 and last traded at GBX 2.24. 1,005,406 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 1,262,444 shares. The stock had previously closed at GBX 2.20.

Emmerson Stock Performance

The firm has a market capitalization of £29.93 million, a P/E ratio of -0.99 and a beta of 1.32. The stock has a fifty day moving average price of GBX 2.18 and a two-hundred day moving average price of GBX 2.28.

Emmerson Company Profile

Emmerson PLC is a potash development company and is focussing on advancing its flagship project, the Khemisset Potash Project, located in Northern Morocco into a low-cost, high margin supplier of potash.

Our Khemisset Potash Project is ideally located to benefit from the expected high growth in demand for NPK fertilisers on the African Continent and is close to a number of potential export ports giving it access to the European, Brazilian and US markets.