196,731 Critical Metals Corp. $CRML Shares Acquired by Alps Advisors Inc.

Key Points

• Alps Advisors increased its Critical Metals stake by 49.5%, adding 196,731 shares to hold 594,268 shares valued at about $4.31 million. Institutional investors and hedge funds collectively own 86.44% of the company.
• Analyst views are mixed, though MarketBeat reports a “Moderate Buy” consensus and a $19 average price target. Recent ratings range from Strong Buy to Sell.
• Critical Metals shares opened at $5.88, near their 12-month low of $5.11; CFO Sergey Savchenko also sold 66,667 shares for about $454,000.

Alps Advisors Inc. lifted its stake in shares of Critical Metals Corp. (NASDAQ:CRML - Free Report) by 49.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 594,268 shares of the company's stock after acquiring an additional 196,731 shares during the period. Alps Advisors Inc. owned 0.40% of Critical Metals worth $4,314,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in Critical Metals by 51.0% in the 3rd quarter. International Assets Investment Management LLC now owns 26,450 shares of the company's stock valued at $190,000 after purchasing an additional 8,930 shares during the last quarter. Verity Asset Management Inc. purchased a new position in Critical Metals in the third quarter worth approximately $559,000. Signaturefd LLC increased its stake in Critical Metals by 32.9% during the third quarter. Signaturefd LLC now owns 11,847 shares of the company's stock worth $86,000 after acquiring an additional 2,933 shares during the last quarter. Canton Hathaway LLC increased its stake in Critical Metals by 75.0% during the third quarter. Canton Hathaway LLC now owns 35,000 shares of the company's stock worth $254,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Vontobel Holding Ltd. acquired a new stake in Critical Metals during the third quarter worth $86,000. Institutional investors and hedge funds own 86.44% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on CRML. Wall Street Zen lowered Critical Metals from a "sell" rating to a "strong sell" rating in a research note on Saturday, October 3rd. UBS Group set a $20.00 price target on Critical Metals in a report on Monday, October 5th. Cantor Fitzgerald initiated coverage on Critical Metals in a research report on Tuesday, July 14th. They set a "speculative buy" rating and a $18.00 price objective for the company. Freedom Capital lowered shares of Critical Metals from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of Critical Metals from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $19.00.

Critical Metals Price Performance

Shares of Critical Metals stock opened at $5.88 on Monday. The business has a 50-day moving average of $7.03 and a 200 day moving average of $9.05. Critical Metals Corp. has a 12 month low of $5.11 and a 12 month high of $21.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.87 and a current ratio of 0.87.

Insider Buying and Selling at Critical Metals

In related news, CFO Sergey Savchenko sold 66,667 shares of Critical Metals stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $6.81, for a total value of $454,002.27. Following the completion of the transaction, the chief financial officer owned 93,333 shares in the company, valued at approximately $635,597.73. The trade was a 41.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 65.70% of the company's stock.

About Critical Metals

Critical Metals Corp. is a mineral development company focused on advancing projects that supply critical raw materials for the energy transition and other high-technology applications. Its principal asset is the Wolfsberg Lithium Project in Carinthia, Austria, which is designed to produce lithium hydroxide for use in electric-vehicle batteries and other battery applications.

The Wolfsberg project includes plans for an integrated operation combining underground mining, mineral processing and downstream lithium conversion.

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