Emmerson (LON:EML) Trading 8.1% Higher – Should You Buy?

Shares of Emmerson PLC (LON:EMLGet Free Report) shot up 8.1% on Friday . The stock traded as high as GBX 1.80 and last traded at GBX 1.73. 1,681,760 shares changed hands during trading, a decline of 22% from the average session volume of 2,163,941 shares. The stock had previously closed at GBX 1.60.

Emmerson Trading Up 8.1%

The company has a market capitalization of £22.38 million, a price-to-earnings ratio of -0.76 and a beta of 0.96. The company has a 50-day moving average of GBX 1.70 and a 200-day moving average of GBX 1.85.

About Emmerson

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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.

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