AFC Energy (LON:AFC) Shares Up 10.6% – Here’s What Happened

AFC Energy plc (LON:AFC) shares traded up 10.6% during trading on Tuesday . The company traded as high as GBX 10.58 and last traded at GBX 10.54. 13,327,307 shares were traded during mid-day trading, an increase of 183% from the average session volume of 4,702,518 shares. The stock had previously closed at GBX 9.53.

Wall Street Analyst Weigh In

Separately, Peel Hunt reaffirmed a “buy” rating on shares of AFC Energy in a research note on Monday, September 15th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

AFC Energy Stock Performance

The company has a quick ratio of 12.18, a current ratio of 4.87 and a debt-to-equity ratio of 2.13. The company has a fifty day moving average price of GBX 9.30 and a 200 day moving average price of GBX 10.61. The stock has a market cap of £119.94 million, a PE ratio of -4.61 and a beta of 2.96.

Insider Buying and Selling at AFC Energy

In other news, insider John Wilson bought 150,000 shares of the business’s stock in a transaction dated Tuesday, October 14th. The shares were purchased at an average price of GBX 9 per share, for a total transaction of £13,500. Company insiders own 4.41% 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.