AFC Energy (LON:AFC) Shares Up 10.5% – Time to Buy?

AFC Energy plc (LON:AFC)’s stock price rose 10.5% during mid-day trading on Friday . The company traded as high as GBX 9.50 ($0.12) and last traded at GBX 9.50 ($0.12). Approximately 2,021,673 shares were traded during trading, a decline of 30% from the average daily volume of 2,895,101 shares. The stock had previously closed at GBX 8.60 ($0.11).

AFC Energy Stock Up 17.0 %

The stock has a market cap of £85.95 million, a price-to-earnings ratio of -335.33 and a beta of 2.96. The business’s 50 day moving average is GBX 9.37 and its 200-day moving average is GBX 12.99. The company has a debt-to-equity ratio of 2.13, a quick ratio of 12.18 and a current ratio of 4.87.

Insider Activity at AFC Energy

In related news, insider Gary Bullard bought 500,000 shares of the stock in a transaction dated Monday, November 4th. The shares were acquired at an average cost of GBX 9 ($0.11) per share, for a total transaction of £45,000 ($56,242.97). 16.21% of the stock is currently owned by corporate insiders.

About AFC Energy

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.