FREYR Battery (NYSE:FREY) Shares Up 15.4% – Still a Buy?

FREYR Battery, Inc. (NYSE:FREYGet Free Report) rose 15.4% during mid-day trading on Tuesday . The company traded as high as $3.37 and last traded at $3.14. Approximately 14,693,113 shares changed hands during mid-day trading, an increase of 478% from the average daily volume of 2,541,737 shares. The stock had previously closed at $2.72.

FREYR Battery Stock Up 15.4%

The firm has a market cap of $441.14 million, a P/E ratio of -4.13 and a beta of 0.94. The business’s 50 day moving average is $3.25 and its two-hundred day moving average is $2.05.

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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