AFC Energy (LON:AFC) Trading 10.1% Higher – Still a Buy?

AFC Energy plc (LON:AFC)’s stock price traded 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 Performance

The firm’s 50 day simple moving average is GBX 9.65 and its 200-day simple moving average is GBX 12.38. The company has a market capitalization of £89.20 million, a price-to-earnings ratio of -348.00 and a beta of 2.96. The company has a debt-to-equity ratio of 2.13, a quick ratio of 12.18 and a current ratio of 4.87.

Insiders Place Their Bets

In other news, insider Gary Bullard purchased 200,000 shares of AFC Energy stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of GBX 9 ($0.11) per share, for a total transaction of £18,000 ($22,522.52). Corporate insiders own 16.21% of the company’s stock.

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.