Emmerson (LON:EML) Trading Down 11.5% – Here’s Why

Emmerson PLC (LON:EML)’s stock price dropped 11.5% during 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 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 Price Performance

The firm has a market capitalization of £21.64 million, a PE ratio of -5.96 and a beta of 0.96. The company has a 50-day moving average price of GBX 0.89 and a 200-day moving average price of GBX 1.05.

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.