AFC Energy (AFC)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

20.40p
   
  • Change Today:
    -0.40p
  • 52 Week High: 22.00p
  • 52 Week Low: 11.28p
  • Currency: UK Pounds
  • Shares Issued: 746.26m
  • Volume: 1,442,031
  • Market Cap: £152.24m
  • RiskGrade: 464

AFC Energy raises £6m to support journey to commercialisation

By Andrew Schonberg

Date: Wednesday 15 Feb 2017

LONDON (ShareCast) - (ShareCast News) - Shares in AFC Energy are up more than 6% after it raised £6m via a discounted placing and subscription to support its journey to commercialisation.
The placing was of 58.5m new shares, while the subscription was for 1.5m new shares. Both were priced at 10p a share.

More specifically, the net proceeds of about £5.5m would go help AFC deliver its commitments under its joint-development agreement with De Nora S.p.A.

They would also be go to business case development with De Nora, scoping study completion with Peel Environmental Ltd and other third parties in advance of any potential project deployment, and funding the ongoing operation of AFC's demonstration plant at Stade, together with ongoing testing costs.

At about 10:27 GMT, shares in AIM-listed AFC Energy were up 6.12% to 13p each.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AFC Energy Market Data

Currency UK Pounds
Share Price 20.40p
Change Today -0.40p
% Change -1.92 %
52 Week High 22.00p
52 Week Low 11.28p
Volume 1,442,031
Shares Issued 746.26m
Market Cap £152.24m
RiskGrade 464

AFC Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.42% below the market average55.42% below the market average55.42% below the market average55.42% below the market average55.42% below the market average
44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average
Price Trend
41.52% above the market average41.52% above the market average41.52% above the market average41.52% above the market average41.52% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Income Not Available
Growth
47.43% below the market average47.43% below the market average47.43% below the market average47.43% below the market average47.43% below the market average
54.29% below the sector average54.29% below the sector average54.29% below the sector average54.29% below the sector average54.29% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

AFC Energy Dividends

No dividends found

Trades for 17-May-2024

Time Volume / Share Price
16:35 27,742 @ 20.40p
16:35 1 @ 20.40p
16:35 10,288 @ 20.40p
16:35 2,710 @ 20.40p
16:35 2,306 @ 20.40p

AFC Energy Key Personnel

CEO Adam Steven Bond
CFO Peter Dixon-Clarke

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