Emmerson (LON:EML) Shares Up 9% – Should You Buy?

Emmerson PLC (LON:EML) shot up 9% during mid-day trading on Wednesday . The stock traded as high as GBX 2.18 and last traded at GBX 2.18. 125,000 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,347,661 shares. The stock had previously closed at GBX 2.

Emmerson Stock Performance

The stock has a market cap of £29.13 million, a P/E ratio of -0.96 and a beta of 1.33. The company’s 50 day moving average price is GBX 2.27 and its 200-day moving average price is GBX 2.25.

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.