Emmerson (LON:EML) Stock Price Up 3.3% – Should You Buy?

Shares of Emmerson PLC (LON:EML) rose 3.3% during trading on Monday . The company traded as high as GBX 1.50 ($0.02) and last traded at GBX 1.42 ($0.02). Approximately 855,855 shares traded hands during trading, a decline of 85% from the average daily volume of 5,570,214 shares. The stock had previously closed at GBX 1.38 ($0.02).

Emmerson Stock Up 5.5 %

The stock’s fifty day simple moving average is GBX 0.92 and its 200-day simple moving average is GBX 1.05. The company has a market capitalization of £23.24 million, a PE ratio of -6.40 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.