Critical Metals (NASDAQ:CRML) Stock Rating Upgraded by Wall Street Zen

Key Points

• Critical Metals (NASDAQ:CRML) has been upgraded from a "sell" rating to a "hold" rating by analysts at Wall Street Zen.
• Despite the upgrade, Weiss Ratings has maintained a "sell (e+)" rating, indicating mixed sentiments about the stock.
• The company reported a trading volume of 6,251,108 shares, with its stock price currently at $7.98, significantly higher than its 52-week low of $1.23.

Critical Metals (NASDAQ:CRML - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Friday.

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Critical Metals in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Sell".

Critical Metals Stock Performance

Shares of NASDAQ CRML traded down $0.12 during mid-day trading on Friday, reaching $7.98. The company's stock had a trading volume of 6,251,108 shares, compared to its average volume of 4,335,411. The stock has a fifty day moving average of $5.82 and a two-hundred day moving average of $3.43. Critical Metals has a 52 week low of $1.23 and a 52 week high of $9.89.

Hedge Funds Weigh In On Critical Metals

Hedge funds have recently modified their holdings of the stock. Next Capital Management LLC purchased a new position in shares of Critical Metals in the first quarter worth $28,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Critical Metals in the second quarter valued at $33,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Critical Metals in the second quarter worth about $37,000. Pallas Capital Advisors LLC bought a new position in shares of Critical Metals in the second quarter worth about $45,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Critical Metals by 121.8% in the second quarter. Tower Research Capital LLC TRC now owns 13,258 shares of the company's stock worth $47,000 after purchasing an additional 7,280 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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