Shares of FREYR Battery, Inc. (NYSE:FREY – Get Free Report) were down 2% on Wednesday . The company traded as low as $4.3450 and last traded at $4.36. Approximately 12,106,506 shares were traded during trading, an increase of 376% from the average daily volume of 2,541,737 shares. The stock had previously closed at $4.45.
FREYR Battery Price Performance
The firm has a market cap of $612.54 million, a price-to-earnings ratio of -5.74 and a beta of 0.94. The firm has a 50 day moving average price of $4.87 and a 200-day moving average price of $6.37.
About FREYR Battery
FREYR Battery is a battery technology company focused on developing and manufacturing lithium-ion battery cells for applications including electric mobility, energy storage systems, and commercial and industrial equipment. The company has pursued a technology platform based on 24M Technologies’ semi-solid battery cell process, which is designed to simplify cell manufacturing and improve energy density, safety, and production efficiency.
Founded in 2018, FREYR initially planned to establish large-scale battery production in Norway, including the Giga Arctic facility in Mo i Rana, and a potential manufacturing complex in Georgia in the United States.
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