FREYR Battery, Inc. (NYSE:FREY) Director Tore Ivar Slettemoen Sells 228,600 Shares

FREYR Battery, Inc. (NYSE:FREY) Director Tore Ivar Slettemoen sold 228,600 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $1.73, for a total transaction of $395,478.00. Following the completion of the transaction, the director now directly owns 7,351,846 shares in the company, valued at approximately $12,718,693.58. The trade was a 3.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Tore Ivar Slettemoen also recently made the following trade(s):

• On Thursday, December 12th, Tore Ivar Slettemoen sold 184,621 shares of FREYR Battery stock. The shares were sold at an average price of $1.67, for a total value of $308,317.07.

FREYR Battery Stock Performance

Shares of NYSE FREY opened at $1.66 on Friday. The business has a 50-day moving average of $1.58 and a 200-day moving average of $1.54. The firm has a market capitalization of $232.51 million, a price-to-earnings ratio of -2.18 and a beta of 1.02. FREYR Battery, Inc. has a 12 month low of $0.91 and a 12 month high of $2.85.

FREYR Battery (NYSE:FREY) last posted its quarterly earnings data 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 firm posted ($0.07) EPS.

Institutional Investors Weigh In On FREYR Battery

Several hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new stake in shares of FREYR Battery in the 2nd quarter worth approximately $26,000. DRW Securities LLC purchased a new position in shares of FREYR Battery in the third quarter worth about $29,000. SG Americas Securities LLC bought a new stake in shares of FREYR Battery in the 2nd quarter valued at about $38,000. BNP Paribas Financial Markets grew 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 worth $54,000 after acquiring an additional 35,928 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new position in FREYR Battery in the 2nd quarter worth approximately $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.