Emmerson (LON:EML) Stock Price Up 7% – Here’s Why

Emmerson PLC (LON:EMLGet Free Report) shot up 7% during trading on Wednesday . The stock traded as high as GBX 1.15 ($0.01) and last traded at GBX 1.15 ($0.01). 112,819 shares were traded during mid-day trading, a decline of 97% from the average session volume of 4,484,369 shares. The stock had previously closed at GBX 1.08 ($0.01).

Emmerson Stock Performance

The stock’s 50 day moving average is GBX 0.75 and its two-hundred day moving average is GBX 1.06. The stock has a market capitalization of £13.11 million, a PE ratio of -16.33 and a beta of 0.96.

Emmerson Company Profile

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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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