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AFC Energy (LON:AFC) Shares Up 21.4% - Time to Buy?

AFC Energy logo with Industrials background

AFC Energy plc (LON:AFC - Get Free Report) rose 21.4% during trading on Thursday . The stock traded as high as GBX 16.70 ($0.23) and last traded at GBX 16.63 ($0.23). Approximately 25,647,266 shares traded hands during trading, an increase of 618% from the average daily volume of 3,569,900 shares. The stock had previously closed at GBX 13.70 ($0.19).

AFC Energy Stock Down 7.4%

The company has a debt-to-equity ratio of 2.13, a current ratio of 4.87 and a quick ratio of 12.18. The company has a market cap of £136.74 million, a PE ratio of -6.11 and a beta of 2.96. The company has a fifty day moving average price of GBX 9.03 and a 200 day moving average price of GBX 8.72.

AFC Energy (LON:AFC - Get Free Report) last issued 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 return on equity of 71.96% and a negative net margin of 4,502.53%. As a group, analysts anticipate that AFC Energy plc will post -1.9 EPS for the current year.

Insider Buying and Selling

In other news, insider Karl Bostock bought 193,374 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was bought at an average price of GBX 8 ($0.11) per share, for a total transaction of £15,469.92 ($20,959.11). Also, insider Gary Bullard bought 155,657 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of GBX 10 ($0.14) per share, with a total value of £15,565.70 ($21,088.88). Insiders bought 799,031 shares of company stock worth $5,803,562 in the last quarter. 16.21% of the stock is owned by insiders.

AFC Energy Company Profile

(Get Free Report)

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.

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