Insider Buying: AFC Energy plc (LON:AFC) Insider Acquires 350,000 Shares of Stock

AFC Energy plc (LON:AFC) insider Gary Bullard acquired 350,000 shares of the company’s stock in a transaction dated Wednesday, March 26th. The shares were bought at an average cost of GBX 6 ($0.08) per share, for a total transaction of £21,000 ($27,037.47).

Gary Bullard also recently made the following trade(s):

• On Wednesday, March 19th, Gary Bullard purchased 100,000 shares of AFC Energy stock. The shares were purchased at an average cost of GBX 6 ($0.08) per share, with a total value of £6,000 ($7,724.99).

AFC Energy Stock Down 0.2 %

Shares of AFC stock opened at GBX 6.09 ($0.08) on Thursday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 12.18 and a current ratio of 4.87. AFC Energy plc has a fifty-two week low of GBX 5 ($0.06) and a fifty-two week high of GBX 26.24 ($0.34). The firm has a market capitalization of £52.11 million, a PE ratio of -2.33 and a beta of 2.96. The stock’s 50-day simple moving average is GBX 8.08 and its 200-day simple moving average is GBX 9.34.

AFC Energy (LON:AFC) last released its quarterly earnings data on Thursday, March 20th. The company reported GBX (2.36) (($0.03)) EPS for the quarter. AFC Energy had a negative net margin of 4,502.53% and a negative return on equity of 71.96%. Equities analysts expect that AFC Energy plc will post -1.9 earnings per share for the current year.

AFC Energy Company Profile

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.