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

Key Points

• Critical Metals Corp. shares opened at $22.36, marking a significant increase from the previous close of $20.86, before settling at $19.03 with a volume of 5,946,308 shares.
• Recent analyst ratings indicate a general consensus of “Sell” for CRML, with several firms including Weiss Ratings and Wall Street Zen downgrading their assessments of the stock.
• Institutional ownership of CRML is high at 86.44%, with notable recent investments from companies like Shay Capital LLC and Bank of America Corp DE, reflecting increased institutional interest.

Critical Metals Corp. (NASDAQ:CRML - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $20.86, but opened at $22.36. Critical Metals shares last traded at $19.03, with a volume of 5,946,308 shares.

Analyst Ratings Changes

A number of research firms have recently weighed in on CRML. Weiss Ratings reissued a "sell (e+)" rating on shares of Critical Metals in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Critical Metals from a "hold" rating to a "sell" rating in a research report on Saturday, October 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of "Sell".

Critical Metals Price Performance

The stock has a 50 day moving average of $8.62 and a 200 day moving average of $4.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.13 and a quick ratio of 0.13.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CRML. B. Riley Wealth Advisors Inc. bought a new stake in Critical Metals during the second quarter worth $37,000. Tower Research Capital LLC TRC boosted its stake in Critical Metals by 121.8% in the second quarter. Tower Research Capital LLC TRC now owns 13,258 shares of the company's stock valued at $47,000 after buying an additional 7,280 shares in the last quarter. Captrust Financial Advisors bought a new position in Critical Metals in the second quarter valued at about $196,000. Shay Capital LLC acquired a new position in Critical Metals during the second quarter worth about $984,000. Finally, Bank of America Corp DE lifted its holdings in shares of Critical Metals by 65.6% in the second quarter. Bank of America Corp DE now owns 101,742 shares of the company's stock worth $364,000 after acquiring an additional 40,291 shares during the last quarter. 86.44% of the stock is owned by institutional investors.

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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