Critical Metals (NASDAQ:CRML) Shares Gap Up - Should You Buy?

Key Points

• Critical Metals Corp. (NASDAQ:CRML) shares experienced a significant increase, opening at $5.94 after a close of $5.71, and last trading at $6.24, marking a 9.9% rise.
• Several hedge funds have recently increased their investments in CRML, with Barclays PLC boosting its stake by 22.9% and Rhumbline Advisers dramatically increasing theirs by 582.5%.
• The company focuses on the mining and development of lithium metals, operating notable projects such as the Wolfsberg Project and Tanbreez Project.

Critical Metals Corp. (NASDAQ:CRML - ) shares gapped up prior to trading on Thursday . The stock had previously closed at $5.71, but opened at $5.94. Critical Metals shares last traded at $6.24, with a volume of 750,148 shares.

Critical Metals Stock Up 9.9%

The firm has a fifty day moving average of $4.76 and a two-hundred day moving average of $2.87.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CRML. Barclays PLC grew its holdings in Critical Metals by 22.9% during the 4th quarter. Barclays PLC now owns 12,876 shares of the company's stock valued at $88,000 after buying an additional 2,403 shares in the last quarter. Northern Trust Corp lifted its position in Critical Metals by 13.2% in the fourth quarter. Northern Trust Corp now owns 48,641 shares of the company's stock valued at $330,000 after purchasing an additional 5,670 shares during the last quarter. Rhumbline Advisers lifted its stake in Critical Metals by 582.5% in the first quarter. Rhumbline Advisers now owns 43,047 shares of the company's stock worth $60,000 after acquiring an additional 36,740 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in Critical Metals in the first quarter worth $58,000. Finally, Alps Advisors Inc. lifted its stake 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 valued at $51,000 after purchasing an additional 21,451 shares during the period. Hedge funds and other institutional investors own 86.44% of the company's stock.

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.

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