Emmerson (LON:EML) Shares Down 2.7% – Time to Sell?

Emmerson PLC (LON:EML)’s share price traded down 2.7% on Tuesday . The stock traded as low as GBX 1.80 ($0.02) and last traded at GBX 1.81 ($0.02). 687,817 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 4,479,401 shares. The stock had previously closed at GBX 1.86 ($0.02).

Emmerson Trading Down 2.7 %

The stock’s 50-day simple moving average is GBX 1.37 and its 200-day simple moving average is GBX 1.08. The stock has a market cap of £29.01 million, a price-to-earnings ratio of -7.99 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.