Emmerson (LON:EML) Shares Down 5.9% – Time to Sell?

Emmerson PLC (LON:EMLGet Free Report)’s share price fell 5.9% during mid-day trading on Tuesday . The company traded as low as GBX 1.51 and last traded at GBX 1.60. 10,928,862 shares were traded during trading, an increase of 830% from the average daily volume of 1,174,636 shares. The stock had previously closed at GBX 1.70.

Emmerson Price Performance

The firm has a market cap of £21.38 million, a P/E ratio of -13.56 and a beta of 1.27. The company’s 50-day simple moving average is GBX 1.94 and its 200 day simple moving average is GBX 2.21.

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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