AFC Energy (LON:AFC) Trading Up 36.6% - Time to Buy?

AFC Energy plc (LON:AFC - Get Free Report)'s share price shot up 36.6% during mid-day trading on Wednesday . The company traded as high as GBX 12.90 ($0.18) and last traded at GBX 12.87 ($0.17). 19,112,072 shares changed hands during trading, an increase of 566% from the average session volume of 2,871,559 shares. The stock had previously closed at GBX 9.42 ($0.13).

AFC Energy Trading Down 12.1%

The company has a market cap of £94.81 million, a price-to-earnings ratio of -4.24 and a beta of 2.96. 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 firm has a fifty day moving average price of GBX 8.08 and a 200 day moving average price of GBX 8.57.

AFC Energy (LON:AFC - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The company reported GBX (2.36) (($0.03)) EPS 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, equities analysts predict that AFC Energy plc will post -1.9 EPS for the current fiscal year.

Insider Activity

In other AFC Energy news, insider Karl Bostock acquired 193,374 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was bought at an average cost of GBX 8 ($0.11) per share, with a total value of £15,469.92 ($21,007.50). Also, insider Gary Bullard bought 350,000 shares of the stock in a transaction dated Wednesday, March 26th. The shares were purchased at an average price of GBX 6 ($0.08) per share, for a total transaction of £21,000 ($28,517.11). Insiders acquired a total of 799,031 shares of company stock valued at $5,803,562 over the last three months. 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.