Critical Metals (NASDAQ:CRML) Shares Up 12.1% - Here's Why

Key Points

• Critical Metals Corp. (NASDAQ:CRML) experienced a significant share price increase of 12.1%, reaching a trading high of $15.78 during mid-day trading.
• Despite the recent stock surge, multiple research firms have issued a "sell" rating, reflecting a consensus on the stock's performance.
• Institutional investors have shown increased interest, with notable stakes raised, including Tower Research Capital boosting its position by 121.8% in the second quarter.

Critical Metals Corp. (NASDAQ:CRML - Get Free Report)'s share price shot up 12.1% during mid-day trading on Friday . The stock traded as high as $15.78 and last traded at $15.30. 5,967,901 shares were traded during mid-day trading, a decline of 8% from the average session volume of 6,494,629 shares. The stock had previously closed at $13.64.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CRML. Weiss Ratings reissued a "sell (e+)" rating on shares of Critical Metals in a report on Friday. Wall Street Zen lowered Critical Metals from a "hold" rating to a "sell" rating in a research note on Saturday, October 11th. One equities 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 Stock Up 14.5%

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.13 and a current ratio of 0.13. The firm's 50 day simple moving average is $9.50 and its 200 day simple moving average is $4.96.

Institutional Investors Weigh In On Critical Metals

Several large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its position 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 buying an additional 7,280 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new stake in Critical Metals in the second quarter worth about $33,000. B. Riley Wealth Advisors Inc. purchased a new stake in Critical Metals in the second quarter worth about $37,000. Pallas Capital Advisors LLC purchased a new stake in Critical Metals in the second quarter worth about $45,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Critical Metals by 288.3% in the 2nd 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 period. 86.44% of the stock is owned by hedge funds and other institutional investors.

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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