Emmerson (LON:EML) Trading 4.9% Higher – Still a Buy?

Emmerson PLC (LON:EML)’s stock price traded up 4.9% during trading on Friday . The stock traded as high as GBX 2.15 and last traded at GBX 2.15. 1,933,395 shares changed hands during trading, an increase of 48% from the average session volume of 1,309,650 shares. The stock had previously closed at GBX 2.05.

Emmerson Stock Performance

The stock has a market capitalization of £27.17 million, a P/E ratio of -0.93 and a beta of 1.30. The stock’s fifty day simple moving average is GBX 2.41 and its two-hundred day simple moving average is GBX 2.05.

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.