Critical Metals (NASDAQ:CRML) Shares Gap Down - Should You 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.

Shares of Critical Metals Corp. (NASDAQ:CRML - ) gapped down before the market opened 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 traded.

Critical Metals Trading Up 2.3%

The firm's fifty day moving average is $3.31 and its 200 day moving average is $2.84.

Institutional Trading of Critical Metals

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in Critical Metals by 147.4% during the fourth quarter. JPMorgan Chase & Co. now owns 29,797 shares of the company's stock valued at $202,000 after acquiring an additional 17,753 shares in the last quarter. Geode Capital Management LLC raised its position in Critical Metals by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 107,034 shares of the company's stock valued at $727,000 after acquiring an additional 2,696 shares in the last quarter. Barclays PLC raised its position in Critical Metals by 22.9% during the fourth quarter. Barclays PLC now owns 12,876 shares of the company's stock valued at $88,000 after acquiring an additional 2,403 shares in the last quarter. Northern Trust Corp raised its position in Critical Metals by 13.2% during the fourth quarter. Northern Trust Corp now owns 48,641 shares of the company's stock valued at $330,000 after acquiring an additional 5,670 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Critical Metals by 582.5% during the first quarter. Rhumbline Advisers now owns 43,047 shares of the company's stock valued at $60,000 after acquiring an additional 36,740 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

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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