Critical Metals Corp. (NASDAQ:CRML - Get Free Report) dropped 16.9% during mid-day trading on Tuesday . The company traded as low as $15.90 and last traded at $16.27. Approximately 21,157,245 shares changed hands during trading, an increase of 230% from the average daily volume of 6,416,584 shares. The stock had previously closed at $19.58.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. Weiss Ratings reiterated a "sell (e+)" rating on shares of Critical Metals in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Critical Metals from a "hold" rating to a "sell" rating in a report on Saturday, October 11th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Critical Metals has a consensus rating of "Sell".
Check Out Our Latest Stock Analysis on Critical Metals
Critical Metals Stock Performance
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 company's 50 day simple moving average is $8.91 and its 200 day simple moving average is $4.73.
Institutional Trading of Critical Metals
Hedge funds and other institutional investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Critical Metals in the 2nd quarter valued at about $37,000. Tower Research Capital LLC TRC boosted its holdings in shares of Critical Metals by 121.8% in the second quarter. Tower Research Capital LLC TRC now owns 13,258 shares of the company's stock valued at $47,000 after acquiring an additional 7,280 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Critical Metals in the second quarter valued at approximately $196,000. Shay Capital LLC acquired a new position in shares of Critical Metals in the 2nd quarter valued at $984,000. Finally, Bank of America Corp DE raised its position in Critical Metals by 65.6% in the 2nd quarter. Bank of America Corp DE now owns 101,742 shares of the company's stock valued at $364,000 after purchasing an additional 40,291 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.
About Critical Metals
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Critical Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Critical Metals wasn't on the list.
While Critical Metals currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.