AFC Energy (LON:AFC) Sets New 52-Week Low – Should You Sell?

AFC Energy plc (LON:AFC) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 6.11 ($0.08) and last traded at GBX 6.30 ($0.08), with a volume of 2109606 shares traded. The stock had previously closed at GBX 7.03 ($0.09).

AFC Energy Stock Down 10.4 %

The company has a current ratio of 4.87, a quick ratio of 12.18 and a debt-to-equity ratio of 2.13. The stock has a 50 day simple moving average of GBX 8.63 and a 200 day simple moving average of GBX 9.72. The firm has a market capitalization of £53.91 million, a PE ratio of -2.41 and a beta of 2.96.

Insider Buying and Selling

In other AFC Energy news, insider Karl Bostock bought 250,000 shares of AFC Energy stock in a transaction dated 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 ($29,084.80). 16.21% of the stock is owned by insiders.

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.