AFC Energy (LON:AFC) Trading Up 12.6% – Here’s Why

AFC Energy plc (LON:AFC)’s share price was up 12.6% on Thursday . The company traded as high as GBX 15.38 and last traded at GBX 15. Approximately 12,912,809 shares traded hands during trading, an increase of 61% from the average daily volume of 8,007,816 shares. The stock had previously closed at GBX 13.32.

AFC Energy Stock Performance

The company has a market capitalization of £172.97 million, a price-to-earnings ratio of -6.32 and a beta of 2.17. The company has a 50-day moving average price of GBX 11.87 and a 200-day moving average price of GBX 10.97. The company has a quick ratio of 12.18, a current ratio of 5.13 and a debt-to-equity ratio of 0.49.

AFC Energy (LON:AFC) last posted its quarterly earnings data on Wednesday, February 25th. The company reported GBX (2.41) earnings per share for the quarter. AFC Energy had a negative return on equity of 76.88% and a negative net margin of 17,756.00%. Research analysts predict that AFC Energy plc will post -1.9 EPS for the current fiscal year.

About AFC Energy

AFC Energy plc (AIM: AFC) is a leading provider of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions. Our market-leading decentralised ammonia cracker and fuel cell generator products are engineered to unlock the low carbon hydrogen market by meeting customers’ needs with scalable, reliable supplies of low carbon hydrogen and power. AFC Energy is enabling customers to decarbonise at a price that is commercially viable.

Our core strategy is to develop and deploy products that enable the production of scalable, reliable supplies of clean hydrogen at commercially viable prices and without reliance on government subsidies or incentives.