Active Energy Group (LON:AEG) Stock Price Up 12.8% – Here’s Why

Active Energy Group Plc (LON:AEG)’s share price shot up 12.8% on Thursday . The company traded as high as GBX 0.09 and last traded at GBX 0.09. Approximately 39,324,281 shares traded hands during trading, a decline of 50% from the average session volume of 78,648,141 shares. The stock had previously closed at GBX 0.08.

Active Energy Group Price Performance

The firm has a 50-day simple moving average of GBX 0.09 and a 200-day simple moving average of GBX 0.10. The firm has a market cap of £6.12 million, a P/E ratio of -0.82 and a beta of 0.42. The company has a current ratio of 0.63, a quick ratio of 4.42 and a debt-to-equity ratio of 39.61.

Active Energy Group Company Profile

Active Energy Group Plc, a renewable energy company, develops and produces biomass products in the United Kingdom and internationally. The company offers CoalSwitch, a biomass fuel that has been tested and proved to replace the traditional coal fired-power industry and existing renewable biomass industry without requiring plant modification. It engages in distribution of wood chip; and processing and distribution of wood; and property holding activities. The company was formerly known as Cinpart plc and changed its name to Active Energy Group Plc in July 2010.