FREYR Battery, Inc. (NYSE:FREY – Get Free Report) dropped 1.6% during mid-day trading on Wednesday. The stock traded as low as $3.0950 and last traded at $3.16. Approximately 12,913,864 shares were traded during mid-day trading, an increase of 408% from the average session volume of 2,541,737 shares. The stock had previously closed at $3.21.
FREYR Battery Price Performance
The firm has a market capitalization of $411.64 million, a PE ratio of -3.86 and a beta of 0.94. The company has a 50-day moving average price of $4.34 and a 200-day moving average price of $5.97.
FREYR Battery Company Profile
FREYR Battery was a battery technology company focused on developing and producing lithium-ion battery cells for the energy storage and electric mobility markets. Its planned products included high-energy-density battery cells and related manufacturing technologies designed for applications such as electric vehicles, stationary energy storage systems and other industrial uses.
Founded in Norway in 2018, FREYR initially pursued a large-scale battery manufacturing platform centered on facilities in Mo i Rana, Norway.
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