AFC Energy (LON:AFC) Trading 21.4% Higher – Here’s Why

AFC Energy plc (LON:AFC)’s stock price traded up 21.4% during mid-day trading on Thursday . The stock traded as high as GBX 16.70 ($0.23) and last traded at GBX 16.63 ($0.23). 25,647,266 shares traded hands during mid-day trading, an increase of 618% from the average session volume of 3,569,900 shares. The stock had previously closed at GBX 13.70 ($0.19).

AFC Energy Price Performance

The company has a quick ratio of 12.18, a current ratio of 4.87 and a debt-to-equity ratio of 2.13. The stock has a market cap of £136.74 million, a price-to-earnings ratio of -6.11 and a beta of 2.96. The company’s 50-day moving average is GBX 8.83 and its 200-day moving average is GBX 8.71.

AFC Energy (LON:AFC) last posted its quarterly earnings results on Thursday, March 20th. The company reported GBX (2.36) (($0.03)) earnings per share (EPS) for the quarter. AFC Energy had a negative return on equity of 71.96% and a negative net margin of 4,502.53%. Equities research analysts expect that AFC Energy plc will post -1.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Gary Bullard acquired 100,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were purchased at an average cost of GBX 6 ($0.08) per share, with a total value of £6,000 ($8,141.11). Also, insider Karl Bostock acquired 193,374 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were purchased at an average cost of GBX 8 ($0.11) per share, for a total transaction of £15,469.92 ($20,990.39). Over the last ninety days, insiders have bought 799,031 shares of company stock valued at $5,803,562. 16.21% of the stock is currently owned by insiders.

AFC Energy Company Profile

AFC Energy plc is a leading provider of hydrogen fuel cell power systems to generate clean energy in support of the global energy transition.

Based in the UK, the Company’s scalable systems provide off-grid, zero emission power that are already being deployed for rapid electric vehicle charging and the replacement of diesel generators for temporary power applications.