Emmerson stock rises on thin trade as $1.2 billion Morocco claim dwarfs market value
Emmerson Plc was marked higher on Friday, but the trade tape was thin. AJ Bell data showed the AIM-listed potash developer at 2.30 pence, up 0.15 pence, or 6.98%, with volume of 30,000 shares and a market value of £30.74 million. The only July 3 trade shown was at 08:10:29 BST, worth £690. London Stock Exchange hours run from 8:00 a.m. to 4:30 p.m. BST on normal weekdays, so the price was an intraday small-cap quote, not a closing print. The stock’s bigger issue is not the day’s gain. It is the gap between Emmerson’s quoted equity value and the $1.215 billion claim it has filed against Morocco over the Khemisset potash project. Using a Friday pound rate of about