Emmerson (LON:EML) Stock Price Down 4% – Time to Sell?

Shares of Emmerson PLC (LON:EML) were down 4% on Monday . The stock traded as low as GBX 2.30 and last traded at GBX 2.40. Approximately 2,484,184 shares changed hands during trading, an increase of 87% from the average daily volume of 1,326,085 shares. The stock had previously closed at GBX 2.50.

Emmerson Stock Performance

The firm has a market capitalization of £31.95 million, a price-to-earnings ratio of -1.06 and a beta of 1.30. The company has a 50 day moving average price of GBX 2.49 and a two-hundred day moving average price of GBX 2.11.

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.