Critical Metals' (CRML) Sell (E+) Rating Reiterated at Weiss Ratings

Key Points

• Critical Metals (CRML) has had its "sell (E+)" rating reaffirmed by Weiss Ratings, indicating continued cautious sentiment among analysts regarding the stock.
• Wall Street Zen downgraded CRML from a "hold" to a "sell" rating, contributing to an average consensus rating of "sell" for the stock.
• The stock experienced a significant rise of 10.2%, trading at $15.03 with over 18 million shares exchanged, despite its recently downgraded ratings.

Critical Metals (NASDAQ:CRML - Get Free Report)'s stock had its "sell (e+)" rating reissued by analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of Critical Metals from a "hold" rating to a "sell" rating in a research note on Saturday, October 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Critical Metals has an average rating of "Sell".

Critical Metals Stock Up 10.2%

Critical Metals stock traded up $1.39 during midday trading on Friday, hitting $15.03. 18,737,728 shares of the company's stock were exchanged, compared to its average volume of 35,865,208. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $9.68 and a two-hundred day moving average of $5.05. Critical Metals has a 12 month low of $1.23 and a 12 month high of $32.15.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CRML. Next Capital Management LLC bought a new position in shares of Critical Metals during the 1st quarter worth approximately $28,000. Police & Firemen s Retirement System of New Jersey purchased a new position in Critical Metals in the second quarter worth $33,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Critical Metals during the second quarter worth $37,000. Pallas Capital Advisors LLC purchased a new stake in shares of Critical Metals during the 2nd quarter valued at $45,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Critical Metals by 121.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,258 shares of the company's stock valued at $47,000 after purchasing an additional 7,280 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company's stock.

Critical Metals Company Profile

Critical Metals Corp. engages in the mining, exploration, and development of lithium metals. It owns Wolfsberg Project and Tanbreez Project. The company was founded on October 24, 2022 and is headquartered in British Virgin Islands.

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