AFC Energy (LON:AFC) Releases Earnings Results

AFC Energy (LON:AFC) issued its quarterly earnings data on Thursday. The company reported GBX (2.36) (($0.03)) earnings per share (EPS) for the quarter, Digital Look Earnings reports. AFC Energy had a negative return on equity of 71.96% and a negative net margin of 4,502.53%.

AFC Energy Price Performance

Shares of AFC opened at GBX 6.39 ($0.08) on Thursday. The firm has a 50-day simple moving average of GBX 8.40 and a two-hundred day simple moving average of GBX 9.58. The stock has a market cap of £54.64 million, a PE ratio of -2.44 and a beta of 2.96. AFC Energy has a 1-year low of GBX 5.06 ($0.07) and a 1-year high of GBX 26.24 ($0.34). The company has a debt-to-equity ratio of 2.13, a current ratio of 4.87 and a quick ratio of 12.18.

Insider Transactions at AFC Energy

In other news, insider Gary Bullard bought 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were purchased at an average price of GBX 6 ($0.08) per share, with a total value of £6,000 ($7,805.39). Also, insider Karl Bostock bought 250,000 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was purchased at an average cost of GBX 9 ($0.12) per share, with a total value of £22,500 ($29,270.20). Company insiders own 16.21% of the company’s stock.

About AFC Energy

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.