Insider Buying: FREYR Battery, Inc. (NYSE:FREY) CFO Purchases 50,000 Shares of Stock

FREYR Battery, Inc. (NYSE:FREY - Get Free Report) CFO Joseph Evan Calio acquired 50,000 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of $1.57 per share, with a total value of $78,500.00. Following the completion of the transaction, the chief financial officer now directly owns 680,462 shares in the company, valued at $1,068,325.34. This trade represents a 7.93 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, December 12th, Joseph Evan Calio purchased 125,000 shares of FREYR Battery stock. The stock was bought at an average price of $1.74 per share, with a total value of $217,500.00.

FREYR Battery Stock Down 8.5 %

FREY traded down $0.15 during trading 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 has a market capitalization of $219.87 million, a PE ratio of -2.06 and a beta of 1.03. FREYR Battery, Inc. has a one year low of $0.91 and a one year high of $2.85. The firm's 50-day moving average price is $1.59 and its 200 day moving average price is $1.52.

FREYR Battery (NYSE:FREY - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.02). During the same period in the prior year, the business earned ($0.07) earnings per share.

Institutional Trading of FREYR Battery

A number of hedge funds and other institutional investors have recently made changes to their positions in FREY. Victory Capital Management Inc. acquired a new position in FREYR Battery during the second quarter worth $26,000. DRW Securities LLC acquired a new position in shares of FREYR Battery during the 3rd quarter worth about $29,000. SG Americas Securities LLC bought a new position in shares of FREYR Battery in the 2nd quarter valued at about $38,000. BNP Paribas Financial Markets increased its position in shares of FREYR Battery by 182.9% in the third quarter. BNP Paribas Financial Markets now owns 55,575 shares of the company's stock valued at $54,000 after acquiring an additional 35,928 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of FREYR Battery in the second quarter valued at about $56,000. 52.31% of the stock is currently owned by institutional investors and hedge funds.

About FREYR Battery

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.

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