Emmerson (LON:EML) Stock Price Up 4.6% – Time to Buy?

Emmerson PLC (LON:EML)’s stock price was up 4.6% during trading on Friday . The stock traded as high as GBX 2.25 and last traded at GBX 2.25. Approximately 976,854 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 1,241,755 shares. The stock had previously closed at GBX 2.15.

Emmerson Price Performance

The stock has a fifty day moving average price of GBX 2.14 and a two-hundred day moving average price of GBX 1.91. The company has a market cap of £29.09 million, a P/E ratio of -0.99 and a beta of 0.96.

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.