AFC Energy plc (LON:AFC) Insider Purchases £21,000 in Stock

AFC Energy plc (LON:AFC) insider Gary Bullard acquired 350,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were bought at an average cost of GBX 6 ($0.08) per share, for a total transaction of £21,000 ($27,187.99).

Gary Bullard also recently made the following trade(s):

• On Wednesday, March 19th, Gary Bullard bought 100,000 shares of AFC Energy stock. The shares were bought at an average cost of GBX 6 ($0.08) per share, with a total value of £6,000 ($7,768.00).

AFC Energy Trading Down 3.3 %

Shares of AFC Energy stock opened at GBX 5.90 ($0.08) on Friday. The company’s 50-day moving average price is GBX 8.02 and its 200-day moving average price is GBX 9.30. The company has a market cap of £50.49 million, a price-to-earnings ratio of -2.26 and a beta of 2.96. AFC Energy plc has a 12-month low of GBX 5 ($0.06) and a 12-month high of GBX 26.24 ($0.34). The company has a current ratio of 4.87, a quick ratio of 12.18 and a debt-to-equity ratio of 2.13.

AFC Energy (LON:AFC) last posted its earnings results on Thursday, March 20th. The company reported GBX (2.36) (($0.03)) earnings per share (EPS) for the quarter. AFC Energy had a negative return on equity of 71.96% and a negative net margin of 4,502.53%. On average, equities analysts expect that AFC Energy plc will post -1.9 earnings per share for the current fiscal year.

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.