AFC Energy (LON:AFC) Shares Down 8.5% - Here's Why

AFC Energy plc (LON:AFC - Get Free Report) shares fell 8.5% during trading on Tuesday . The company traded as low as GBX 14.38 ($0.19) and last traded at GBX 14.92 ($0.20). 4,044,065 shares were traded during mid-day trading, an increase of 3% from the average session volume of 3,925,199 shares. The stock had previously closed at GBX 16.30 ($0.22).

AFC Energy Stock Performance

The company has a debt-to-equity ratio of 2.13, a quick ratio of 12.18 and a current ratio of 4.87. The stock's 50-day moving average is GBX 12.99 and its 200 day moving average is GBX 9.61. The firm has a market cap of £116.04 million, a P/E ratio of -5.18 and a beta of 2.96.

Insiders Place Their Bets

In other news, insider Gary Bullard acquired 155,657 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average price of GBX 10 ($0.13) per share, for a total transaction of £15,565.70 ($20,887.95). Also, insider Karl Bostock acquired 193,374 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was purchased at an average price of GBX 8 ($0.11) per share, with a total value of £15,469.92 ($20,759.42). 16.21% of the stock is owned by corporate 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.