Critical Metals (NASDAQ:CRML) Sees Large Volume Increase - Should You Buy?

Key Points

• Critical Metals Corp. experienced a 257% increase in trading volume, with approximately 21 million shares traded, despite the stock price dropping by 4.6% to $22.31.
• Analysts have downgraded Critical Metals from a "hold" to a "sell" rating, with an average rating of "sell" from multiple research firms.
• Institutional investors hold a significant 86.44% of the company's stock, with several hedge funds recently adjusting their stakes in the firm.

Critical Metals Corp. (NASDAQ:CRML - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 21,106,100 shares traded hands during trading, an increase of 257% from the previous session's volume of 5,915,324 shares.The stock last traded at $22.31 and had previously closed at $22.72.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CRML shares. Wall Street Zen downgraded Critical Metals from a "hold" rating to a "sell" rating in a research note on Saturday, October 11th. Weiss Ratings reissued a "sell (e+)" rating on shares of Critical Metals in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of "Sell".

Critical Metals Stock Down 4.6%

The firm has a 50 day moving average of $7.99 and a two-hundred day moving average of $4.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.13 and a current ratio of 0.13.

Institutional Trading of Critical Metals

Several hedge funds have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. bought a new stake in Critical Metals during the 2nd quarter valued at approximately $37,000. Tower Research Capital LLC TRC lifted its position in shares of Critical Metals by 121.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,258 shares of the company's stock worth $47,000 after acquiring an additional 7,280 shares during the period. Captrust Financial Advisors bought a new stake in shares of Critical Metals in the 2nd quarter worth approximately $196,000. Shay Capital LLC bought a new stake in shares of Critical Metals in the 2nd quarter worth approximately $984,000. Finally, Bank of America Corp DE lifted its position in shares of Critical Metals by 65.6% in the 2nd quarter. Bank of America Corp DE now owns 101,742 shares of the company's stock worth $364,000 after acquiring an additional 40,291 shares during the period. 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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