FREYR Battery, Inc. (NYSE:FREY) CFO Buys $217,500.00 in Stock

FREYR Battery, Inc. (NYSE:FREY - Get Free Report) CFO Joseph Evan Calio bought 125,000 shares of the business's stock in a transaction on Thursday, December 12th. The shares were acquired at an average cost of $1.74 per share, with a total value of $217,500.00. Following the purchase, the chief financial officer now owns 255,600 shares of the company's stock, valued at $444,744. The trade was a 95.71 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Joseph Evan Calio also recently made the following trade(s):

• On Monday, December 16th, Joseph Evan Calio purchased 50,000 shares of FREYR Battery stock. The shares were acquired at an average price of $1.57 per share, with a total value of $78,500.00.

FREYR Battery Trading Down 8.5 %

FREY traded down $0.15 on Monday, hitting $1.57. The company had a trading volume of 1,695,082 shares, compared to its average volume of 2,060,585. The company's fifty day moving average price is $1.59 and its 200 day moving average price is $1.52. FREYR Battery, Inc. has a 1 year low of $0.91 and a 1 year high of $2.85. The firm has a market cap of $219.87 million, a P/E ratio of -2.28 and a beta of 1.03.

FREYR Battery (NYSE:FREY - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.02). During the same quarter last year, the firm earned ($0.07) EPS.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FREY. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in FREYR Battery during the second quarter worth about $676,000. Bank of New York Mellon Corp acquired a new position in shares of FREYR Battery in the second quarter valued at approximately $571,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in FREYR Battery by 45.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,026,774 shares of the company's stock worth $996,000 after buying an additional 320,217 shares during the period. State Street Corp lifted its holdings in FREYR Battery by 24.4% during the 3rd quarter. State Street Corp now owns 1,567,499 shares of the company's stock worth $1,521,000 after buying an additional 307,426 shares in the last quarter. Finally, Erste Asset Management GmbH purchased a new position in FREYR Battery in the 3rd quarter valued at approximately $156,000. 52.31% of the stock is currently owned by institutional investors and hedge funds.

FREYR Battery Company Profile

FREYR Battery, Inc provides battery solutions in the United States, Norway, and internationally. The company develops battery cell manufacturing facilities. It serves its products to energy storage systems and commercial mobility, including marine applications and commercial vehicles markets. The company is headquartered in Luxembourg.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.