Critical Metals (NASDAQ:CRML) Trading Up 4.7% - Still a Buy?

Key Points

• Shares of Critical Metals Corp. (NASDAQ: CRML) rose 4.7% during trading, with an impressive volume of over 18 million shares traded, significantly higher than its average volume.
• Analysts have a generally negative outlook, with Weiss Ratings maintaining a "sell" rating and Wall Street Zen downgrading from "hold" to "sell", contributing to an average rating of "sell" for the stock.
• Institutional investors hold a significant 86.44% of the company's stock, with several firms increasing their stakes notably during recent quarters.

Shares of Critical Metals Corp. (NASDAQ:CRML - Get Free Report) shot up 4.7% during trading on Friday . The company traded as high as $22.33 and last traded at $20.33. 18,047,322 shares traded hands during mid-day trading, an increase of 195% from the average session volume of 6,122,564 shares. The stock had previously closed at $19.42.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CRML shares. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Critical Metals in a report on Wednesday, October 8th. Wall Street Zen cut Critical Metals from a "hold" rating to a "sell" rating in a research note on Saturday, October 11th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of "Sell".

Critical Metals Price Performance

The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $8.30 and a two-hundred day simple moving average of $4.42.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Linden Advisors LP purchased a new stake in shares of Critical Metals during the first quarter worth about $799,000. Geode Capital Management LLC raised its stake in Critical Metals by 272.6% in the second quarter. Geode Capital Management LLC now owns 455,006 shares of the company's stock worth $1,629,000 after buying an additional 332,878 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Critical Metals in the second quarter worth about $1,059,000. Shay Capital LLC bought a new position in Critical Metals in the second quarter worth about $984,000. Finally, PEAK6 LLC bought a new position in Critical Metals in the first quarter worth about $249,000. 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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