Emmerson (LON:EML) Stock Price Up 11.9% – Here’s What Happened

Emmerson PLC (LON:EML)’s share price shot up 11.9% during mid-day trading on Friday . The company traded as high as GBX 2.35 and last traded at GBX 2.35. 466,124 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 1,192,837 shares. The stock had previously closed at GBX 2.10.

Emmerson Stock Up 11.9%

The stock’s 50-day simple moving average is GBX 2.01 and its two-hundred day simple moving average is GBX 1.88. The company has a market capitalization of £30.41 million, a price-to-earnings ratio of -1.04 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.