AFC Energy (LON:AFC) Stock Price Up 10.1% – Here’s Why

AFC Energy plc (LON:AFC)’s stock price rose 10.1% during trading on Tuesday . The company traded as high as GBX 10.88 ($0.14) and last traded at GBX 10.60 ($0.13). 5,231,188 shares traded hands during mid-day trading, an increase of 82% from the average session volume of 2,877,366 shares. The stock had previously closed at GBX 9.63 ($0.12).

AFC Energy Price Performance

The stock’s 50 day moving average price is GBX 9.65 and its two-hundred day moving average price is GBX 12.38. 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 firm has a market capitalization of £89.20 million, a price-to-earnings ratio of -348.00 and a beta of 2.96.

Insider Buying and Selling at AFC Energy

In related news, insider Gary Bullard acquired 200,000 shares of the stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of GBX 9 ($0.11) per share, for a total transaction of £18,000 ($22,522.52). Corporate insiders own 16.21% of the company’s stock.

AFC Energy Company Profile

AFC Energy plc engages in the development of fuel cell and fuel processing technology and equipment in the United Kingdom. The company provides air cooled and liquid cooled fuel cells, including H-Power Tower, a S series fuel cell generator, and L series fuel cell generators. It is developing H-power generator S series fuel cell, a modular compact; H-power generator S+ series fuel cell diesel generator alternative; ammonia cracker, a technology to convert ammonia into hydrogen; and methanol fuel tower, a technology solution for conversion of carrier fuel methanol into hydrogen.