Insider Buying: FREYR Battery, Inc. (NYSE:FREY) CFO Purchases 125,000 Shares of Stock

FREYR Battery, Inc. (NYSE:FREY) CFO Joseph Evan Calio purchased 125,000 shares of FREYR Battery stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $1.74 per share, with a total value of $217,500.00. Following the completion of the purchase, the chief financial officer now owns 255,600 shares in the company, valued at approximately $444,744. This trade represents a 95.71 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

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

FREYR Battery Stock Performance

Shares of NYSE FREY opened at $1.57 on Tuesday. FREYR Battery, Inc. has a 1 year low of $0.91 and a 1 year high of $2.85. The stock has a fifty day moving average price of $1.60 and a two-hundred day moving average price of $1.51. The firm has a market cap of $219.87 million, a P/E ratio of -2.06 and a beta of 1.03.

FREYR Battery (NYSE:FREY) last released its 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 period in the previous year, the business earned ($0.07) earnings per share.

Institutional Trading of FREYR Battery

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Advisors LLC bought a new stake in FREYR Battery during the first quarter worth approximately $73,000. SG Americas Securities LLC bought a new stake in shares of FREYR Battery during the 2nd quarter worth $38,000. Bank of New York Mellon Corp acquired a new position in shares of FREYR Battery in the 2nd quarter worth $571,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of FREYR Battery during the second quarter worth $676,000. Finally, FFT Wealth Management LLC purchased a new stake in shares of FREYR Battery during the second quarter valued at $65,000. 52.31% of the stock is currently owned by institutional investors.

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.