Emmerson (LON:EML) Shares Up 11.9% – Still a Buy?

Emmerson PLC (LON:EML) shot up 11.9% during trading on Friday . The company traded as high as GBX 2.35 and last traded at GBX 2.35. 466,124 shares traded hands during trading, a decline of 61% from the average session volume of 1,192,837 shares. The stock had previously closed at GBX 2.10.

Emmerson Trading Up 9.5%

The stock has a 50 day simple moving average of GBX 2.02 and a 200-day simple moving average of GBX 1.88. The firm has a market cap of £29.76 million, a PE ratio of -1.01 and a beta of 0.96.

About Emmerson

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.