Critical Metals (NASDAQ:CRML) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Critical Metals Corp. (NASDAQ:CRML) experienced unusually high trading volume with approximately 6.5 million shares traded, showing a slight increase from the previous session.
• The stock has recently faced multiple downgrades, with analysts giving it an average rating of "Sell" according to Weiss Ratings and Wall Street Zen.
• Institutional investors own 86.44% of Critical Metals, with several firms significantly increasing their stakes in recent months, indicating strong institutional interest.

Critical Metals Corp. (NASDAQ:CRML - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 6,514,187 shares were traded during trading, an increase of 2% from the previous session's volume of 6,402,243 shares.The stock last traded at $14.86 and had previously closed at $16.27.

Analysts Set New Price Targets

CRML has been the subject of a number of research reports. Weiss Ratings reissued a "sell (e+)" rating on shares of Critical Metals in a report on Wednesday, October 8th. Wall Street Zen downgraded Critical Metals from a "hold" rating to a "sell" rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of "Sell".

Critical Metals Trading Down 11.2%

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.13 and a quick ratio of 0.13. The stock has a 50-day simple moving average of $9.14 and a 200-day simple moving average of $4.81.

Hedge Funds Weigh In On Critical Metals

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Linden Advisors LP acquired 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 acquiring an additional 332,878 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Critical Metals in the second quarter worth approximately $1,059,000. Shay Capital LLC acquired a new position in shares of Critical Metals in the second quarter worth approximately $984,000. Finally, PEAK6 LLC acquired a new position in shares of Critical Metals in the first quarter worth approximately $249,000. 86.44% of the stock is owned by institutional investors and hedge funds.

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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