Critical Metals (NASDAQ:CRML) Trading 1% Higher - Time to Buy?

Key Points

• Critical Metals Corp. (NASDAQ:CRML)'s share price increased by 1% to $4.68, with a notable trading volume of 2,227,344 shares, down 22% from its average volume.
• Institutional investors have aggressively increased their holdings in Critical Metals, with notable stake increases from firms like Alps Advisors Inc. and Rhumbline Advisers.
• The company specializes in the mining, exploration, and development of lithium metals and owns significant projects such as the Wolfsberg and Tanbreez Projects.

Critical Metals Corp. (NASDAQ:CRML - )'s share price shot up 1% on Monday . The company traded as high as $4.86 and last traded at $4.68. 2,227,344 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 2,866,763 shares. The stock had previously closed at $4.63.

Critical Metals Stock Up 6.3%

The stock has a 50 day moving average of $3.10 and a two-hundred day moving average of $2.83.

Institutional Trading of Critical Metals

Institutional investors have recently modified their holdings of the business. Alps Advisors Inc. boosted its stake in shares of Critical Metals by 139.8% in the first quarter. Alps Advisors Inc. now owns 36,799 shares of the company's stock valued at $51,000 after buying an additional 21,451 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Critical Metals during the first quarter worth $58,000. Rhumbline Advisers boosted its position in Critical Metals by 582.5% during the first quarter. Rhumbline Advisers now owns 43,047 shares of the company's stock worth $60,000 after purchasing an additional 36,740 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Critical Metals by 147.4% during the fourth quarter. JPMorgan Chase & Co. now owns 29,797 shares of the company's stock worth $202,000 after purchasing an additional 17,753 shares in the last quarter. Finally, Next Capital Management LLC purchased a new stake in Critical Metals during the first quarter worth $28,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

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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