Gary Bullard Purchases 400,000 Shares of AFC Energy plc (LON:AFC) Stock

Key Points

• Gary Bullard, an insider at AFC Energy plc, purchased 400,000 shares of the company stock on August 7th at an average price of GBX 10 (£40,000 total).
• AFC Energy's stock price showed a recent increase, trading at GBX 9.55, alongside a trading volume of approximately 7.7 million shares.
• The company reported a negative net margin of 4,502.53% and is projected to post an earnings per share of -1.9 for the current fiscal year.

AFC Energy plc (LON:AFC - Get Free Report) insider Gary Bullard purchased 400,000 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were purchased at an average price of GBX 10 ($0.14) per share, with a total value of £40,000 ($54,002.97).

AFC Energy Stock Performance

Shares of LON AFC traded down GBX 0.07 ($0.00) during trading hours on Tuesday, hitting GBX 8.96 ($0.12). 6,917,780 shares of the company's stock were exchanged, compared to its average volume of 4,369,035. The company's 50-day moving average price is GBX 12.99 and its 200-day moving average price is GBX 9.64. AFC Energy plc has a 1-year low of GBX 5 ($0.07) and a 1-year high of GBX 18 ($0.24). The stock has a market capitalization of £76.67 million, a price-to-earnings ratio of -3.43 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.

AFC Energy (LON:AFC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The company reported GBX (1.19) (($0.02)) EPS for the quarter. AFC Energy had a negative return on equity of 71.96% and a negative net margin of 4,502.53%. On average, sell-side analysts expect that AFC Energy plc will post -1.9 earnings per share for the current fiscal year.

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.