AFC Energy (LON:AFC) Stock Price Down 15.4% – Here’s Why

AFC Energy plc (LON:AFC)’s share price traded down 15.4% during trading on Tuesday . The company traded as low as GBX 5 ($0.06) and last traded at GBX 5.50 ($0.07). 9,695,354 shares traded hands during mid-day trading, an increase of 272% from the average session volume of 2,605,921 shares. The stock had previously closed at GBX 6.50 ($0.08).

AFC Energy Stock Performance

The stock has a market cap of £47.06 million, a PE ratio of -2.10 and a beta of 2.96. The firm’s 50-day moving average is GBX 8.21 and its 200 day moving average is GBX 9.44. The company has a debt-to-equity ratio of 2.13, a quick ratio of 12.18 and a current ratio of 4.87.

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

Insider Buying and Selling at AFC Energy

In other news, insider Gary Bullard bought 100,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were acquired at an average price of GBX 6 ($0.08) per share, with a total value of £6,000 ($7,752.94). Also, insider Karl Bostock purchased 250,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were purchased at an average cost of GBX 9 ($0.12) per share, with a total value of £22,500 ($29,073.52). 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.