Critical Metals (NASDAQ:CRML) Shares Gap Down - What's Next?

Key Points

• Critical Metals Corp. shares experienced a gap down, starting at $6.05 after closing at $6.22, with current trading at $6.40 and a trading volume of 596,784 shares.
• Recent institutional trading activity includes notable increases in stakes by various hedge funds, with 86.44% of the stock now owned by institutional investors and hedge funds.
• The company's focus is on mining and developing lithium metals, owning key projects such as the Wolfsberg and Tanbreez Projects.

Critical Metals Corp. (NASDAQ:CRML - )'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $6.22, but opened at $6.05. Critical Metals shares last traded at $6.40, with a volume of 596,784 shares trading hands.

Critical Metals Trading Up 9.5%

The company's 50 day moving average is $5.62 and its 200-day moving average is $3.32.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in shares of Critical Metals by 121.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,258 shares of the company's stock worth $47,000 after acquiring an additional 7,280 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new stake in Critical Metals in the second quarter worth $33,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Critical Metals during the 2nd quarter worth $37,000. Pallas Capital Advisors LLC bought a new stake in shares of Critical Metals during the 2nd quarter worth $45,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Critical Metals by 288.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,592 shares of the company's stock worth $63,000 after buying an additional 13,061 shares during the period. 86.44% of the stock is 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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