Joseph Evan Calio Buys 50,000 Shares of FREYR Battery, Inc. (NYSE:FREY) Stock

FREYR Battery, Inc. (NYSE:FREY) CFO Joseph Evan Calio acquired 50,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were bought at an average cost of $1.57 per share, with a total value of $78,500.00. Following the completion of the acquisition, the chief financial officer now owns 680,462 shares in the company, valued at $1,068,325.34. This represents a 7.93 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Thursday, December 12th, Joseph Evan Calio acquired 125,000 shares of FREYR Battery stock. The stock was purchased at an average cost of $1.74 per share, with a total value of $217,500.00.

FREYR Battery Trading Up 11.8 %

Shares of NYSE FREY opened at $1.76 on Wednesday. The company has a market capitalization of $246.56 million, a price-to-earnings ratio of -2.31 and a beta of 1.03. FREYR Battery, Inc. has a twelve month low of $0.91 and a twelve month high of $2.85. The business has a 50 day simple moving average of $1.62 and a 200-day simple moving average of $1.51.

FREYR Battery (NYSE:FREY) last released its earnings results on Wednesday, November 6th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.02). During the same quarter in the previous year, the company posted ($0.07) EPS.

Institutional Investors Weigh In On FREYR Battery

Institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. acquired a new position in FREYR Battery in the second quarter valued at approximately $26,000. DRW Securities LLC bought a new stake in shares of FREYR Battery in the 3rd quarter worth approximately $29,000. SG Americas Securities LLC bought a new stake in shares of FREYR Battery in the 2nd quarter worth approximately $38,000. BNP Paribas Financial Markets boosted its position in FREYR Battery by 182.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 55,575 shares of the company’s stock valued at $54,000 after purchasing an additional 35,928 shares during the period. Finally, WINTON GROUP Ltd bought a new position in FREYR Battery during the 2nd quarter worth $56,000. Institutional investors own 52.31% of the company’s stock.

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.