AFC Energy (OTCMKTS:AFGYF) Stock Price Down 7.7% – Here’s Why

Shares of AFC Energy plc (OTCMKTS:AFGYFGet Free Report) fell 7.7% during mid-day trading on Friday . The company traded as low as $0.11 and last traded at $0.11. 5,000 shares changed hands during trading, a decline of 38% from the average session volume of 8,075 shares. The stock had previously closed at $0.12.

AFC Energy Price Performance

The business has a 50-day simple moving average of $0.13 and a 200 day simple moving average of $0.19.

About AFC Energy

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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.

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