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

AFC Energy plc (LON:AFC) shares fell 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 were traded during 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 Price Performance

The company has a market cap of £47.06 million, a price-to-earnings ratio of -2.10 and a beta of 2.96. The company has a fifty day simple moving average of GBX 8.21 and a two-hundred day simple moving average of GBX 9.44. The company has a quick ratio of 12.18, a current ratio of 4.87 and a debt-to-equity ratio of 2.13.

AFC Energy (LON:AFC) last announced its quarterly earnings results on Thursday, March 20th. The company reported GBX (2.36) (($0.03)) earnings per share (EPS) for the quarter. AFC Energy had a negative net margin of 4,502.53% and a negative return on equity of 71.96%. On average, equities research analysts anticipate that AFC Energy plc will post -1.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Gary Bullard bought 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were purchased at an average price of GBX 6 ($0.08) per share, for a total transaction of £6,000 ($7,752.94). Also, insider Karl Bostock purchased 250,000 shares of AFC Energy stock in a transaction on Thursday, February 6th. The shares were acquired at an average cost of GBX 9 ($0.12) per share, for a total transaction of £22,500 ($29,073.52). 16.21% of the stock is currently owned by company 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.