Emmerson (LON:EML) Sets New 1-Year High – Still a Buy?

Emmerson PLC (LON:EML) hit a new 52-week high on Monday . The company traded as high as GBX 3.10 and last traded at GBX 2.80, with a volume of 605000 shares traded. The stock had previously closed at GBX 3.01.

Emmerson Trading Down 7.0%

The firm’s fifty day moving average price is GBX 2.24 and its 200-day moving average price is GBX 1.97. The company has a market cap of £36.23 million, a price-to-earnings ratio of -1.23 and a beta of 0.96.

Emmerson Company Profile

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.