Critical Metals (NASDAQ:CRML) Trading Up 9.4% - Should You Buy?

Key Points

• Critical Metals Corp. shares jumped 9.4% on Friday, trading between $16.10 and $17.62, with a trading volume that surged by 226% compared to the average.
• Brokerage ratings are mixed, with Weiss Ratings maintaining a "sell" rating, while Wall Street Zen upgraded the stock from "sell" to "hold".
• Hedge funds are showing increased interest in Critical Metals, with institutional investors now owning 86.44% of the company's stock.

Shares of Critical Metals Corp. (NASDAQ:CRML - Get Free Report) were up 9.4% during trading on Friday . The stock traded as high as $17.62 and last traded at $16.10. Approximately 15,201,701 shares changed hands during mid-day trading, an increase of 226% from the average daily volume of 4,661,639 shares. The stock had previously closed at $14.71.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CRML. Weiss Ratings reiterated a "sell (e+)" rating on shares of Critical Metals in a report on Wednesday. Wall Street Zen upgraded shares of Critical Metals from a "sell" rating to a "hold" rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Critical Metals has a consensus rating of "Sell".

Critical Metals Price Performance

The company's 50-day moving average is $6.49 and its 200-day moving average is $3.71.

Institutional Trading of Critical Metals

A number of hedge funds have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Critical Metals during the second quarter valued at approximately $37,000. Tower Research Capital LLC TRC raised its stake in shares of Critical Metals by 121.8% during the second quarter. Tower Research Capital LLC TRC now owns 13,258 shares of the company's stock valued at $47,000 after purchasing an additional 7,280 shares during the period. Captrust Financial Advisors bought a new stake in shares of Critical Metals in the second quarter worth $196,000. Shay Capital LLC bought a new stake in shares of Critical Metals in the second quarter worth $984,000. Finally, Bank of America Corp DE increased its stake in shares of Critical Metals by 65.6% in the second 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 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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