Critical Metals (NASDAQ:CRML) Sees Large Volume Increase - Still a Buy?

Key Points

• Critical Metals Corp. (NASDAQ:CRML) experienced a 100% increase in trading volume, with approximately 8.86 million shares traded, rising from 4.44 million shares the previous session.
• Despite a 24.8% increase in stock price to $13.78, analysts maintain a consensus "Sell" rating, with Weiss Ratings reiterating their sell recommendation.
• Institutional investors hold 86.44% of Critical Metals' stock, with several hedge funds increasing their stakes significantly in recent quarters.

Critical Metals Corp. (NASDAQ:CRML - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 8,862,351 shares traded hands during trading, an increase of 100% from the previous session's volume of 4,438,890 shares.The stock last traded at $13.78 and had previously closed at $11.79.

Wall Street Analyst Weigh In

CRML has been the topic of several research analyst reports. Weiss Ratings reiterated a "sell (e+)" rating on shares of Critical Metals in a research report on Wednesday. Wall Street Zen upgraded shares of Critical Metals from a "sell" rating to a "hold" rating in a report on Friday, October 3rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of "Sell".

Critical Metals Stock Up 24.8%

The company has a fifty day simple moving average of $6.27 and a 200 day simple moving average of $3.62.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CRML. Linden Advisors LP bought a new position in shares of Critical Metals in the first quarter worth approximately $799,000. Geode Capital Management LLC lifted its stake in shares of Critical Metals by 272.6% in the second quarter. Geode Capital Management LLC now owns 455,006 shares of the company's stock worth $1,629,000 after buying an additional 332,878 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Critical Metals in the second quarter worth approximately $1,059,000. Shay Capital LLC bought a new position in shares of Critical Metals in the second quarter worth approximately $984,000. Finally, PEAK6 LLC bought a new position in shares of Critical Metals in the first quarter worth approximately $249,000. 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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