AFC Energy (LON:AFC) Shares Up 5.1% – Still a Buy?

AFC Energy plc (LON:AFCGet Free Report)’s stock price shot up 5.1% during mid-day trading on Wednesday . The company traded as high as GBX 8.60 ($0.11) and last traded at GBX 8.60 ($0.11). 1,035,386 shares were traded during trading, a decline of 63% from the average session volume of 2,769,980 shares. The stock had previously closed at GBX 8.18 ($0.11).

AFC Energy Stock Performance

The firm has a market capitalization of £72.62 million, a price-to-earnings ratio of -266.20 and a beta of 2.96. 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 stock has a 50-day moving average price of GBX 11.01 and a 200 day moving average price of GBX 15.56.

AFC Energy Company Profile

(Get Free Report)

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.

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