AFC Energy (LON:AFC) Trading Down 6.2% – Time to Sell?

AFC Energy plc (LON:AFC)’s stock price fell 6.2% during mid-day trading on Wednesday . The company traded as low as GBX 6.51 ($0.08) and last traded at GBX 6.75 ($0.09). 2,198,942 shares traded hands during trading, a decline of 5% from the average session volume of 2,325,246 shares. The stock had previously closed at GBX 7.19 ($0.09).

AFC Energy Stock Down 0.7 %

The company has a market cap of £59.64 million, a price-to-earnings ratio of -2.66 and a beta of 2.96. 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 50-day moving average price of GBX 9.03 and a 200 day moving average price of GBX 10.

Insider Buying and Selling at AFC Energy

In other AFC Energy news, insider Karl Bostock acquired 250,000 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was purchased at an average price of GBX 9 ($0.12) per share, with a total value of £22,500 ($28,994.85). 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.