Emmerson (LON:EML) Shares Down 9.8% – Here’s What Happened

Emmerson PLC (LON:EML) dropped 9.8% during mid-day trading on Friday . The company traded as low as GBX 0.95 ($0.01) and last traded at GBX 0.99 ($0.01). Approximately 1,307,750 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 4,811,044 shares. The stock had previously closed at GBX 1.10 ($0.01).

Emmerson Stock Down 9.5 %

The firm has a market capitalization of £11.34 million, a price-to-earnings ratio of -16.33 and a beta of 0.96. The company’s 50 day moving average price is GBX 0.73 and its 200 day moving average price is GBX 1.07.

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.