AFC Energy (LON:AFC) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

AFC Energy plc (LON:AFC) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 10.65 ($0.13) and traded as low as GBX 8.89 ($0.11). AFC Energy shares last traded at GBX 9.11 ($0.11), with a volume of 3,522,004 shares traded.

AFC Energy Price Performance

The stock has a 50 day simple moving average of GBX 9.54 and a two-hundred day simple moving average of GBX 10.65. The company has a market cap of £77.97 million, a price-to-earnings ratio of -3.48 and a beta of 2.96. The company has a debt-to-equity ratio of 2.13, a current ratio of 4.87 and a quick ratio of 12.18.

Insiders Place Their Bets

In related news, insider Karl Bostock acquired 250,000 shares of the stock in a transaction on Thursday, February 6th. The shares were bought at an average price of GBX 9 ($0.11) per share, with a total value of £22,500 ($28,319.70). Also, insider Gary Bullard acquired 200,000 shares of the stock in a transaction on Monday, November 18th. The shares were bought at an average cost of GBX 9 ($0.11) per share, for a total transaction of £18,000 ($22,655.76). 16.21% of the stock is currently owned by corporate insiders.

About AFC Energy

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.