Emmerson (LON:EML) Stock Price Down 8.8% – Here’s Why

Shares of Emmerson PLC (LON:EML) fell 8.8% on Thursday . The stock traded as low as GBX 2.15 and last traded at GBX 2.19. 1,930,748 shares were traded during trading, an increase of 50% from the average session volume of 1,283,953 shares. The stock had previously closed at GBX 2.40.

Emmerson Stock Up 2.4%

The firm has a market capitalization of £27.17 million, a P/E ratio of -0.93 and a beta of 1.30. The stock has a fifty day moving average of GBX 2.41 and a 200-day moving average of 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.