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

Key Points

• Critical Metals Corp. (NASDAQ:CRML) experienced a gap down in its share price, opening at $4.71 after closing at $4.98, and last trading at $5.23 with a volume of 972,575 shares.
• Institutional investors have significantly increased their holdings in Critical Metals, with JPMorgan Chase & Co. raising its position by 147.4% during the last quarter, now owning nearly 30,000 shares.
• The company is focused on mining, exploration, and development of lithium metals, owning projects such as the Wolfsberg Project and Tanbreez Project.

Critical Metals Corp. (NASDAQ:CRML - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $4.98, but opened at $4.71. Critical Metals shares last traded at $5.23, with a volume of 972,575 shares changing hands.

Critical Metals Price Performance

The company's 50-day simple moving average is $3.48 and its 200-day simple moving average is $2.78.

Institutional Trading of Critical Metals

Hedge funds have recently made changes to their positions in the stock. Next Capital Management LLC acquired a new stake in shares of Critical Metals during the first quarter worth approximately $28,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Critical Metals during the second quarter worth approximately $33,000. Pallas Capital Advisors LLC acquired a new stake in shares of Critical Metals during the second quarter worth approximately $45,000. Tower Research Capital LLC TRC lifted its stake in Critical Metals by 121.8% during the second quarter. Tower Research Capital LLC TRC now owns 13,258 shares of the company's stock worth $47,000 after purchasing an additional 7,280 shares during the last quarter. Finally, Alps Advisors Inc. lifted its stake in Critical Metals by 139.8% during the first quarter. Alps Advisors Inc. now owns 36,799 shares of the company's stock worth $51,000 after purchasing an additional 21,451 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.

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.