Critical Metals (NASDAQ:CRML) Shares Up 10.2% - Still a Buy?

Key Points

• Critical Metals Corp. shares rose by 10.2%, trading up to a high of $16.40 before closing at $15.03 on Friday, with trading volume significantly exceeding the average.
• Analysts have downgraded the stock from a "hold" to a "sell" rating, with a consensus rating of "sell" from various research analysts.
• Despite its stock performance, the company has a low current ratio of 0.13 and is predominantly owned by institutional investors, holding 86.44% of the shares.

Critical Metals Corp. (NASDAQ:CRML - Get Free Report) traded up 10.2% during trading on Friday . The company traded as high as $16.40 and last traded at $15.03. 18,655,593 shares were traded during mid-day trading, an increase of 184% from the average session volume of 6,564,031 shares. The stock had previously closed at $13.64.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wall Street Zen lowered shares of Critical Metals from a "hold" rating to a "sell" rating in a research note on Saturday, October 11th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Critical Metals in a research note on Friday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of "Sell".

Critical Metals Trading Up 9.8%

The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.16. The firm's 50-day simple moving average is $9.50 and its two-hundred day simple moving average is $4.96.

Hedge Funds Weigh In On Critical Metals

Several institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in shares of Critical Metals by 121.8% during 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 during the period. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Critical Metals during the second quarter valued at approximately $33,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Critical Metals during the second quarter valued at approximately $37,000. Pallas Capital Advisors LLC purchased a new position in shares of Critical Metals during the second quarter valued at approximately $45,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Critical Metals by 288.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,592 shares of the company's stock worth $63,000 after purchasing an additional 13,061 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company's stock.

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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