AFC Energy (LON:AFC) Trading 10.1% Higher - Time to Buy?

AFC Energy plc (LON:AFC - Get Free Report) shares shot up 10.1% during mid-day trading on Tuesday . The stock traded as high as GBX 10.88 ($0.14) and last traded at GBX 10.60 ($0.13). 5,231,188 shares traded hands during trading, an increase of 82% from the average session volume of 2,877,366 shares. The stock had previously closed at GBX 9.63 ($0.12).

AFC Energy Stock Up 10.3 %

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 company has a market capitalization of £90.73 million, a PE ratio of -354.00 and a beta of 2.96. The business has a fifty day moving average of GBX 9.61 and a 200 day moving average of GBX 12.42.

Insider Activity

In related news, insider Gary Bullard bought 200,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of GBX 9 ($0.11) per share, with a total value of £18,000 ($22,525.34). Insiders own 16.21% of the company's stock.

AFC Energy Company Profile

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.