AFC Energy (LON:AFC) Shares Up 10.5% - Here's Why

AFC Energy plc (LON:AFC - Get Free Report) shares traded up 10.5% on Friday . The company traded as high as GBX 9.50 ($0.12) and last traded at GBX 9.50 ($0.12). 2,021,673 shares were traded during trading, a decline of 30% from the average session volume of 2,895,101 shares. The stock had previously closed at GBX 8.60 ($0.11).

AFC Energy Price Performance

The stock has a 50 day simple moving average of GBX 9.37 and a 200-day simple moving average of GBX 12.99. The firm has a market cap of £85.95 million, a PE ratio of -335.33 and a beta of 2.96. The company has a current ratio of 4.87, a quick ratio of 12.18 and a debt-to-equity ratio of 2.13.

Insider Buying and Selling

In other news, insider Gary Bullard acquired 200,000 shares of the business's stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of GBX 9 ($0.11) per share, for a total transaction of £18,000 ($22,621.59). 16.21% of the stock is currently owned by company insiders.

About AFC Energy

AFC Energy plc engages in the development of fuel cell and fuel processing technology and equipment in the United Kingdom. The company provides air cooled and liquid cooled fuel cells, including H-Power Tower, a S series fuel cell generator, and L series fuel cell generators. It is developing H-power generator S series fuel cell, a modular compact; H-power generator S+ series fuel cell diesel generator alternative; ammonia cracker, a technology to convert ammonia into hydrogen; and methanol fuel tower, a technology solution for conversion of carrier fuel methanol into hydrogen.