FREYR Battery (NYSE:FREY) Trading Up 7.5% – Should You Buy?

Shares of FREYR Battery, Inc. (NYSE:FREYGet Free Report) rose 7.5% during mid-day trading on Wednesday . The stock traded as high as $5.4850 and last traded at $5.44. Approximately 18,877,320 shares changed hands during mid-day trading, an increase of 643% from the average daily volume of 2,541,737 shares. The stock had previously closed at $5.06.

FREYR Battery Price Performance

The business has a 50-day moving average of $4.15 and a 200 day moving average of $2.47. The company has a market capitalization of $764.27 million, a PE ratio of -7.16 and a beta of 0.94.

FREYR Battery Company Profile

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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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