AFC Energy (LON:AFC) Shares Down 6.2% - Time to Sell?

AFC Energy plc (LON:AFC - Get Free Report) dropped 6.2% during trading on Wednesday . The stock traded as low as GBX 6.51 ($0.08) and last traded at GBX 6.75 ($0.09). Approximately 2,198,942 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 2,325,246 shares. The stock had previously closed at GBX 7.19 ($0.09).

AFC Energy Stock Up 2.6 %

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 firm has a market capitalization of £61.61 million, a P/E ratio of -2.75 and a beta of 2.96. The company's fifty day simple moving average is GBX 8.98 and its 200 day simple moving average is GBX 9.99.

Insiders Place Their Bets

In other AFC Energy news, insider Karl Bostock purchased 250,000 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was bought at an average cost of GBX 9 ($0.12) per share, for a total transaction of £22,500 ($29,073.52). Company insiders own 16.21% of the company's stock.

AFC Energy Company Profile

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.