Emmerson (LON:EML) Trading Down 11.5% – Should You Sell?

Emmerson PLC (LON:EML)’s share price was down 11.5% during mid-day trading on Friday . The company traded as low as GBX 1.35 ($0.02) and last traded at GBX 1.35 ($0.02). Approximately 5,485,399 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 5,762,051 shares. The stock had previously closed at GBX 1.53 ($0.02).

Emmerson Stock Performance

The stock has a 50-day moving average of GBX 0.90 and a 200-day moving average of GBX 1.05. The firm has a market cap of £22.04 million, a price-to-earnings ratio of -6.07 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.