Emmerson (LON:EML) Trading Up 5.9% – Time to Buy?

Emmerson PLC (LON:EML) shares traded up 5.9% on Monday . The company traded as high as GBX 0.90 ($0.01) and last traded at GBX 0.90 ($0.01). 4,374,072 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 5,605,652 shares. The stock had previously closed at GBX 0.85 ($0.01).

Emmerson Price Performance

The company has a market capitalization of £10.51 million, a price-to-earnings ratio of -16.33 and a beta of 0.96. The firm’s fifty day moving average price is GBX 0.70 and its 200-day moving average price is GBX 1.12.

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.