Critical Metals (NASDAQ:CRML) Shares Down 7.4% - Time to Sell?

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.

Critical Metals Corp. (NASDAQ:CRML - ) shares were down 7.4% during mid-day trading on Tuesday . The company traded as low as $5.63 and last traded at $5.74. Approximately 1,708,688 shares changed hands during mid-day 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 Stock Down 7.0%

The business has a fifty day moving average price of $4.40 and a 200-day moving average price of $2.74.

Hedge Funds Weigh In On Critical Metals

Hedge funds and other institutional investors have recently modified their holdings of the company. Alps Advisors Inc. boosted its holdings in shares of Critical Metals by 139.8% in the 1st quarter. Alps Advisors Inc. now owns 36,799 shares of the company's stock worth $51,000 after purchasing an additional 21,451 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Critical Metals in the 1st quarter worth about $58,000. XTX Topco Ltd purchased a new position in shares of Critical Metals in the 1st quarter worth about $96,000. Rhumbline Advisers boosted its holdings in shares of Critical Metals by 582.5% in the 1st quarter. Rhumbline Advisers now owns 43,047 shares of the company's stock worth $60,000 after purchasing an additional 36,740 shares in the last quarter. Finally, Linden Advisors LP purchased a new position in shares of Critical Metals in the 1st quarter worth about $799,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

About Critical Metals

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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