Emmerson (LON:EML) Stock Price Down 11.5% – Here’s What Happened

Emmerson PLC (LON:EML)’s share price was down 11.5% on Friday . The stock traded as low as GBX 1.35 ($0.02) and last traded at GBX 1.35 ($0.02). Approximately 5,485,399 shares were traded during mid-day 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 Stock Performance

The company has a market capitalization of £21.64 million, a price-to-earnings ratio of -5.96 and a beta of 0.96. The stock’s fifty day simple moving average is GBX 0.89 and its two-hundred day simple moving average is GBX 1.05.

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.