AFC Energy (LON:AFC) Trading Down 7.8% - Here's Why

Shares of AFC Energy plc (LON:AFC - Get Free Report) fell 7.8% during mid-day trading on Thursday . The company traded as low as GBX 8.40 ($0.11) and last traded at GBX 8.58 ($0.11). 4,606,230 shares were traded during trading, an increase of 73% from the average session volume of 2,654,943 shares. The stock had previously closed at GBX 9.30 ($0.12).

AFC Energy Stock Performance

The company has a debt-to-equity ratio of 2.13, a quick ratio of 12.18 and a current ratio of 4.87. The firm has a market cap of £72.62 million, a P/E ratio of -280.70 and a beta of 2.96. The company's 50 day moving average is GBX 12.59 and its 200 day moving average is GBX 16.56.

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.