AFC Energy (LON:AFC) Trading 5.1% Higher – Here’s What Happened

AFC Energy plc (LON:AFC)’s stock price traded up 5.1% on Wednesday . The stock traded as high as GBX 8.60 ($0.11) and last traded at GBX 8.60 ($0.11). 1,035,386 shares changed hands during mid-day 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 Up 0.5 %

The firm’s 50 day moving average price is GBX 10.80 and its two-hundred day moving average price is GBX 15.46. The company has a market cap of £70.06 million, a P/E ratio of -271.63 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.

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.