Critical Metals (NASDAQ:CRML) Shares Gap Up - Here's Why

Key Points

• Critical Metals Corp. (NASDAQ:CRML) experienced a significant price movement, gapping up from a previous close of $5.82 to open at $6.05 before trading at $5.87 with a volume of 474,875 shares.
• Institutional investors currently hold 86.44% of Critical Metals' stock, with notable increases in stakes from firms like Geode Capital Management, which raised its holdings by 272.6%.
• The company specializes in the mining and development of lithium metals and owns notable projects including the Wolfsberg Project and Tanbreez Project.

Critical Metals Corp. (NASDAQ:CRML - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $5.82, but opened at $6.05. Critical Metals shares last traded at $5.87, with a volume of 474,875 shares.

Critical Metals Price Performance

The company has a 50-day moving average price of $4.62 and a 200-day moving average price of $2.81.

Institutional Investors Weigh In On Critical Metals

Several hedge funds have recently modified their holdings of the company. Next Capital Management LLC purchased a new stake in shares of Critical Metals during the first quarter worth about $28,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Critical Metals during the second quarter worth approximately $33,000. B. Riley Wealth Advisors Inc. purchased a new stake in Critical Metals in the 2nd quarter worth approximately $37,000. Pallas Capital Advisors LLC purchased a new stake in Critical Metals in the 2nd quarter worth approximately $45,000. Finally, Tower Research Capital LLC TRC raised its holdings 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 during the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

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.