AFC Energy (LON:AFC) Announces Earnings Results

AFC Energy (LON:AFC) issued its earnings results on Thursday. The company reported GBX (2.36) (($0.03)) EPS for the quarter, reports. AFC Energy had a negative return on equity of 71.96% and a negative net margin of 4,502.53%.

AFC Energy Stock Down 8.5 %

Shares of AFC stock opened at GBX 6.04 ($0.08) on Friday. The stock has a market cap of £51.69 million, a P/E ratio of -2.31 and a beta of 2.96. AFC Energy has a one year low of GBX 5.06 ($0.07) and a one year high of GBX 26.24 ($0.34). The stock has a fifty day moving average price of GBX 8.26 and a 200 day moving average price of GBX 9.51. The company has a debt-to-equity ratio of 2.13, a current ratio of 4.87 and a quick ratio of 12.18.

Insider Buying and Selling

In related news, insider Gary Bullard purchased 100,000 shares of the stock in a transaction on Wednesday, March 19th. The shares were purchased at an average cost of GBX 6 ($0.08) per share, for a total transaction of £6,000 ($7,746.93). Also, insider Karl Bostock purchased 250,000 shares of the stock in a transaction on Thursday, February 6th. The stock was bought at an average price of GBX 9 ($0.12) per share, for a total transaction of £22,500 ($29,051.00). 16.21% of the stock is owned by company insiders.

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.