Shares of FREYR Battery (FREY) are rising more than 12% Monday morning after reporting better-than-expected earnings in the fourth quarter.
FREYR reported net profit of $25.3 million, or $0.20 per share in the fourth quarter, compared with net loss $28.9 million or $0.24 per share a year ago. On average, 6 analysts polled by Thomson-Reuters expected the company to report loss of $0.22 loss per share.
FREY is at $9.29 currently. It has traded in the range of $6.42-$16.94 in the last 1 year.
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