Critical Metals (NASDAQ:CRML) Stock Price Down 1.4% - Should You Sell?

Key Points

• Critical Metals Corp. (NASDAQ: CRML) saw its stock price decrease by 1.4%, trading between $4.76 and $4.85, with a significant drop in trading volume by 20% compared to its average.
• Institutional investors have increased their holdings in Critical Metals, with Geode Capital Management LLC raising its stakes by 272.6%, now owning approximately $1.6 million worth of shares.
• The company, founded in 2022 and headquartered in the British Virgin Islands, is involved in the mining and exploration of lithium metals, owning notable projects like the Wolfsberg and Tanbreez projects.

Critical Metals Corp. (NASDAQ:CRML - )'s stock price fell 1.4% during trading on Tuesday . The company traded as low as $4.76 and last traded at $4.85. 2,323,568 shares changed hands during trading, a decline of 20% from the average session volume of 2,895,147 shares. The stock had previously closed at $4.92.

Critical Metals Stock Performance

The business has a 50-day moving average price of $3.17 and a 200 day moving average price of $2.81.

Institutional Trading of Critical Metals

A number of hedge funds have recently modified their holdings of CRML. Linden Advisors LP purchased a new stake in shares of Critical Metals in the first quarter valued at $799,000. Geode Capital Management LLC lifted its holdings in shares of Critical Metals by 272.6% in the second 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 in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Critical Metals in the second quarter valued at $1,059,000. PEAK6 LLC purchased a new stake in shares of Critical Metals in the first quarter valued at $249,000. Finally, Fifth Third Bancorp acquired a new position in shares of Critical Metals in the second quarter worth $358,000. 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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