Critical Metals (NASDAQ:CRML) Trading Down 7.7% - Here's What Happened

Key Points

• Critical Metals Corp. (NASDAQ:CRML) saw its shares drop 7.7% in trading, falling to $6.48 after closing at $7.02.
• The company experienced a significant decrease in trading volume, with approximately 1.8 million shares traded, a 45% decline from its average.
• Institutional investors hold 86.44% of Critical Metals’ stock, with several hedge funds increasing their positions during the 2nd quarter.

Shares of Critical Metals Corp. (NASDAQ:CRML - ) dropped 7.7% during trading on Friday . The company traded as low as $6.59 and last traded at $6.48. Approximately 1,802,317 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 3,283,356 shares. The stock had previously closed at $7.02.

Critical Metals Stock Down 7.5%

The stock has a 50-day moving average of $5.48 and a 200 day moving average of $3.22.

Hedge Funds Weigh In On Critical Metals

Several institutional investors have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. acquired a new position in shares of Critical Metals during the 2nd quarter worth about $37,000. Tower Research Capital LLC TRC grew its position in shares of Critical Metals by 121.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,258 shares of the company's stock worth $47,000 after buying an additional 7,280 shares during the period. Captrust Financial Advisors acquired a new position in shares of Critical Metals during the 2nd quarter worth about $196,000. Shay Capital LLC acquired a new position in shares of Critical Metals during the 2nd quarter worth about $984,000. Finally, Bank of America Corp DE grew its position in shares of Critical Metals by 65.6% during the 2nd quarter. Bank of America Corp DE now owns 101,742 shares of the company's stock worth $364,000 after buying an additional 40,291 shares during the period. 86.44% of the stock is currently owned by institutional investors and hedge funds.

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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