Critical Metals (NASDAQ:CRML) Hits New 1-Year High - Here's What Happened

Key Points

• Critical Metals Corp. (NASDAQ:CRML) shares reached a new 52-week high of $21.45 before closing at $19.67 with over 20 million shares traded.
• Analysts have downgraded CRML, with Wall Street Zen moving from a "hold" to a "sell" rating and noting a consensus rating of "sell" among analysts.
• Institutional investors hold a significant stake in Critical Metals, owning 86.44% of the company's stock, with notable increases in holdings from Tower Research Capital and MIRAE ASSET GLOBAL.

Critical Metals Corp. (NASDAQ:CRML - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $21.45 and last traded at $19.67, with a volume of 20390233 shares trading hands. The stock had previously closed at $14.98.

Analyst Ratings Changes

A number of research firms recently issued reports on CRML. Wall Street Zen cut shares of Critical Metals from a "hold" rating to a "sell" rating in a research note on Saturday. Weiss Ratings reissued a "sell (e+)" rating on shares of Critical Metals in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of "Sell".

Critical Metals Stock Performance

The business's 50 day moving average is $6.71 and its 200-day moving average is $3.84. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.16.

Institutional Investors Weigh In On Critical Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its stake in Critical Metals by 121.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,258 shares of the company's stock worth $47,000 after purchasing an additional 7,280 shares during the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in Critical Metals during the 2nd quarter worth $33,000. B. Riley Wealth Advisors Inc. acquired a new stake in Critical Metals during the 2nd quarter worth $37,000. Pallas Capital Advisors LLC acquired a new stake in Critical Metals during the 2nd quarter worth $45,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Critical Metals by 288.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,592 shares of the company's stock worth $63,000 after purchasing an additional 13,061 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.

About Critical Metals

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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