AFC Energy (LON:AFC) Sets New 1-Year Low – Here’s What Happened

AFC Energy plc (LON:AFC)’s share price reached a new 52-week low during trading on Monday . The company traded as low as GBX 6.11 ($0.08) and last traded at GBX 6.30 ($0.08), with a volume of 2109606 shares. The stock had previously closed at GBX 7.03 ($0.09).

AFC Energy Stock Down 10.4 %

The company’s 50 day simple moving average is GBX 8.63 and its 200-day simple moving average is GBX 9.72. 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 cap of £53.91 million, a P/E ratio of -2.41 and a beta of 2.96.

Insider Buying and Selling at AFC Energy

In related news, insider Karl Bostock bought 250,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were bought at an average cost of GBX 9 ($0.12) per share, for a total transaction of £22,500 ($29,084.80). Company insiders own 16.21% of the company’s stock.

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.