Shares of AFC Energy (LON: AFC) today fell 5% extending the downtrend that has been in place for the past few weeks.
There was no news catalyst behind today’s decline as the hydrogen power company has not communicated with investors since releasing its interim results for the 6 months ended 30th April 2020, on 24th July 2020.
Long term investors in the company are frustrated by the lack of regular communications from the company, which has contributed to its recent decline.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
The latest announcements from the company include its recent partnership with Extreme E to produce hydrogen-powered cars for the Formula E championship, which features electric-powered vehicles.
AFC energy also raised £31.6 million via a share offering in June that was oversubscribed.
The company is yet to generate a profit having reported a £2.1million loss in the half-year ended 30th April.
AFC Energy shares have been on a sustained downtrend since hitting an all-time high of 38.80p on 19th February 2020.
The company faces stiff competition from Logan Energy, ITM Power and many others.
AFC Energy share price
AFC Energy shares fell 5% today to trade at 18.70p having closed yesterday’s session trading at 19.68p.
