AFC Energy (LON:AFC) Share Price Crosses Below 200 Day Moving Average – What’s Next?

AFC Energy plc (LON:AFC)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 13.20 ($0.17) and traded as low as GBX 9.20 ($0.12). AFC Energy shares last traded at GBX 9.20 ($0.12), with a volume of 3,007,928 shares.

AFC Energy Price Performance

The company has a debt-to-equity ratio of 2.13, a quick ratio of 12.18 and a current ratio of 4.87. The company has a fifty day moving average price of GBX 9.40 and a two-hundred day moving average price of GBX 13.09. The company has a market cap of £75.76 million, a P/E ratio of -295.57 and a beta of 2.96.

Insider Buying and Selling at AFC Energy

In other news, insider Gary Bullard purchased 200,000 shares of the business’s stock in a transaction on Monday, November 18th. The stock was purchased at an average price of GBX 9 ($0.11) per share, for a total transaction of £18,000 ($22,630.12). Corporate insiders own 16.21% of the company’s stock.

AFC Energy Company Profile

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.