Emmerson (LON:EML) Trading Down 6.1% – Time to Sell?

Emmerson PLC (LON:EML) shares dropped 6.1% on Friday . The company traded as low as GBX 2 ($0.03) and last traded at GBX 2.16 ($0.03). Approximately 16,975,018 shares traded hands during trading, an increase of 338% from the average daily volume of 3,871,468 shares. The stock had previously closed at GBX 2.30 ($0.03).

Emmerson Price Performance

The firm has a market capitalization of £33.50 million, a price-to-earnings ratio of -9.23 and a beta of 0.96. The business has a 50 day moving average of GBX 1.69 and a 200 day moving average of GBX 1.11.

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.