AFC Energy (LON:AFC) Stock Price Up 9.6% – Should You Buy?

Shares of AFC Energy plc (LON:AFC) rose 9.6% on Friday . The stock traded as high as GBX 15 and last traded at GBX 14.80. Approximately 12,837,146 shares traded hands during trading, an increase of 119% from the average daily volume of 5,852,148 shares. The stock had previously closed at GBX 13.50.

AFC Energy Stock Up 9.9%

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 firm has a 50 day moving average of GBX 11.57 and a two-hundred day moving average of GBX 10.18. The firm has a market capitalization of £168.14 million, a price-to-earnings ratio of -6.45 and a beta of 2.96.

AFC Energy Company Profile

AFC Energy plc (AIM: AFC) is a leading provider of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions. Our market-leading decentralised ammonia cracker and fuel cell generator products are engineered to unlock the low carbon hydrogen market by meeting customers’ needs with scalable, reliable supplies of low carbon hydrogen and power that enable them to decarbonise at a price that is commercially viable and without reliance on government subsidies or incentives.

Our core strategy is to develop and deploy products that enable the production of scalable, reliable supplies of clean hydrogen at commercially viable prices and without reliance on government subsidies or incentives, through our proprietary, decentralised and modular ammonia cracker technology, and to provide low carbon, off grid power solutions with our fuel cell generators that are competitive with, and capable of displacing, diesel generators on a total cost of ownership basis.

We are focused on the successful commercial rollout of our core product suite and on creating significant shareholder value by converting our growing opportunity pipeline into contracted orders and delivering sustained revenue growth.