Critical Metals (NASDAQ:CRML) Shares Down 7.4% - Here's Why

Key Points

• Critical Metals Corp. shares fell 7.4% during mid-day trading, hitting a low of $5.63 before closing at $5.74.
• Hedge funds and institutional investors have been active, with 86.44% of the stock now held by these entities, indicating strong institutional interest.
• The company's recent trading volume was down 47% compared to its average, with approximately 1.7 million shares changing hands.

Shares of Critical Metals Corp. (NASDAQ:CRML - Get Free Report) dropped 7.4% during mid-day trading on Tuesday . The stock traded as low as $5.63 and last traded at $5.74. Approximately 1,708,688 shares were traded during trading, a decline of 47% from the average daily volume of 3,216,940 shares. The stock had previously closed at $6.20.

Critical Metals Trading Up 1.4%

The firm's fifty day moving average is $4.62 and its 200-day moving average is $2.81.

Hedge Funds Weigh In On Critical Metals

Several institutional investors have recently added to or reduced their stakes in CRML. Next Capital Management LLC bought a new position in Critical Metals during the 1st quarter valued at about $28,000. Police & Firemen s Retirement System of New Jersey bought a new position in Critical Metals during the 2nd quarter valued at about $33,000. B. Riley Wealth Advisors Inc. acquired a new stake in Critical Metals in the 2nd quarter valued at about $37,000. Pallas Capital Advisors LLC acquired a new stake in Critical Metals in the 2nd quarter valued at about $45,000. Finally, Tower Research Capital LLC TRC increased its position in Critical Metals by 121.8% in the 2nd 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 in the last quarter. 86.44% of the stock is owned by institutional investors.

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.