Emmerson (LON:EML) Trading Up 17.6% – Still a Buy?

Emmerson PLC (LON:EMLGet Free Report)’s share price was up 17.6% on Tuesday . The company traded as high as GBX 2 ($0.03) and last traded at GBX 2 ($0.03). Approximately 203,051 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 2,378,488 shares. The stock had previously closed at GBX 1.70 ($0.02).

Emmerson Trading Up 8.1%

The business’s fifty day simple moving average is GBX 1.91 and its two-hundred day simple moving average is GBX 1.85. The stock has a market capitalization of £23.77 million, a P/E ratio of -79.22 and a beta of 0.96.

About Emmerson

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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.

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