AFC Energy (LON:AFC) Trading Up 14.5% – What’s Next?

Shares of AFC Energy plc (LON:AFC) shot up 14.5% during trading on Tuesday . The stock traded as high as GBX 6.30 ($0.08) and last traded at GBX 6.30 ($0.08). 1,797,371 shares were traded during trading, a decline of 32% from the average session volume of 2,647,279 shares. The stock had previously closed at GBX 5.50 ($0.07).

AFC Energy Stock Up 14.5 %

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 firm has a market capitalization of £53.91 million, a price-to-earnings ratio of -2.41 and a beta of 2.96. The stock has a 50 day moving average of GBX 7.89 and a 200 day moving average of GBX 9.21.

AFC Energy (LON:AFC) last issued its quarterly earnings results on Thursday, March 20th. The company reported GBX (2.36) (($0.03)) earnings per share for the quarter. AFC Energy had a negative net margin of 4,502.53% and a negative return on equity of 71.96%. As a group, 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 Karl Bostock bought 250,000 shares of AFC Energy stock in a transaction on Thursday, February 6th. The stock was purchased at an average cost of GBX 9 ($0.12) per share, with a total value of £22,500 ($29,069.77). Also, insider Gary Bullard purchased 100,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was purchased at an average price of GBX 6 ($0.08) per share, for a total transaction of £6,000 ($7,751.94). Insiders have acquired 700,000 shares of company stock valued at $4,950,000 over the last quarter. Insiders own 16.21% of the company’s stock.

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.