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 surges on recent testing of 'AlkaMem' technology

By Josh White

Date: Monday 11 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Hydrogen power generation technology provider AFC Energy updated the market on its proprietary 'AlkaMem' anionic exchange membrane development programme on Monday, as used in its high-current density alkaline fuel cell, 'HydroX-Cell(S)'.
The AIM-traded firm said AlkaMem had delivered "market leading conductivity" within an alkaline fuel cell environment, enabling the achievement of more than one amp per centimetre square power density within the HydroX-Cell(S) testing programme.

It explained that AlkaMem was set to be a "truly disruptive technology" in the field of alkaline water electrolysis, with evidence supporting a "sizable increase" in hydrogen production efficiency.

Industrie De Nora had confirms AlkaMem performance "exceeded internal expectations" following independent validation testing at research facilities in Japan, which the board added endorsed the "significant upside potential" in alkaline water electrolysis applications.

Additional applications for AlkaMem included energy storage, it added, and confirmed that prototype membrane manufacturing capability was in place at its Surrey headquarters.

"A highly conductive and stable anionic exchange membrane opens up an array of technologies which De Nora currently have under development," said De Nora chief technical officer Christian Urgeghe on the testing undertaken in Japan for AFC Energy.

"Based on internal De Nora testing standards, the AlkaMem membrane technology exceeded internal expectations and has demonstrated the ability to offer significantly lower voltage drop when compared to widely implemented industry standard diaphragms."

At 1551 GMT, shares in AFC Energy were up 36.39% at 9.55p.

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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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