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Critical Metals (NASDAQ:CRML) Shares Up 12.7% - Should You Buy?

Critical Metals logo with Basic Materials background

Key Points

  • Shares of Critical Metals Corp. (NASDAQ: CRML) increased by 12.7% during mid-day trading, reaching a high of $8.11, following a previous close of $7.09.
  • Recent institutional activities included Linden Advisors LP's new position valued at approximately $799,000 and Geode Capital Management LLC boosting its holdings by 272.6%.
  • Critical Metals Corp. specializes in the mining and development of lithium metals, owning significant projects like the Wolfsberg and Tanbreez Projects.
  • Five stocks we like better than Critical Metals.

Shares of Critical Metals Corp. (NASDAQ:CRML - Get Free Report) shot up 12.7% during mid-day trading on Thursday . The stock traded as high as $8.11 and last traded at $7.99. 5,519,853 shares traded hands during trading, an increase of 65% from the average session volume of 3,345,479 shares. The stock had previously closed at $7.09.

Critical Metals Stock Up 14.0%

The business's 50 day moving average is $5.67 and its two-hundred day moving average is $3.34.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Linden Advisors LP purchased a new position in Critical Metals in the 1st quarter valued at approximately $799,000. Geode Capital Management LLC boosted its holdings in Critical Metals by 272.6% in the 2nd quarter. Geode Capital Management LLC now owns 455,006 shares of the company's stock valued at $1,629,000 after purchasing an additional 332,878 shares during the period. FNY Investment Advisers LLC bought a new position in Critical Metals in the 2nd quarter valued at $1,059,000. Shay Capital LLC bought a new position in Critical Metals in the 2nd quarter valued at $984,000. Finally, PEAK6 LLC bought a new position in Critical Metals in the 1st quarter valued at $249,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

About Critical Metals

(Get Free Report)

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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