FREYR Battery, Inc. (NYSE:FREY – Get Free Report) shares were down 3.5% on Thursday. The stock traded as low as $2.71 and last traded at $2.73. Approximately 44,859,074 shares were traded during mid-day trading, an increase of 1,665% from the average session volume of 2,541,737 shares. The stock had previously closed at $2.83.
FREYR Battery Stock Up 3.5%
The company has a market cap of $331.56 million, a PE ratio of -3.11 and a beta of 0.94. The stock’s 50 day moving average is $3.59 and its 200-day moving average is $6.01.
FREYR Battery Company Profile
FREYR Battery is a battery technology and manufacturing company focused on developing and producing lithium-ion battery cells. The company’s activities have centered on batteries for electric vehicles, energy storage systems and other applications requiring rechargeable energy storage. FREYR has pursued the use of licensed semi-solid battery technology designed to support efficient, lower-cost cell production.
Founded in Norway in 2018, FREYR initially planned large-scale battery manufacturing facilities in Norway and developed the Giga Arctic project near Mo i Rana.
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