Critical Metals (NASDAQ:CRML) Stock: Insider Sergey Savchenko Sells 66,667 Shares

Key Points

• CFO Sergey Savchenko sold 66,667 shares at an average $6.81 per share, for about $454,000. The sale reduced his holdings by 41.67%, leaving him with 93,333 shares.
• CRML traded at $6.39 on Wednesday, within a 12-month range of $5.11 to $21.86.
• Analyst views are mixed, but MarketBeat reports a “Moderate Buy” consensus and a $19 average price target; institutional investors and hedge funds own 86.44% of the stock.

Critical Metals Corp. (NASDAQ:CRML - Get Free Report) CFO Sergey Savchenko sold 66,667 shares of the company's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $6.81, for a total value of $454,002.27. Following the sale, the chief financial officer owned 93,333 shares of the company's stock, valued at $635,597.73. This trade represents a 41.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Critical Metals Price Performance

CRML traded up $0.14 during trading on Wednesday, hitting $6.39. The stock had a trading volume of 5,747,060 shares, compared to its average volume of 6,096,931. Critical Metals Corp. has a twelve month low of $5.11 and a twelve month high of $21.86. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a 50 day simple moving average of $7.12 and a two-hundred day simple moving average of $9.16.

Hedge Funds Weigh In On Critical Metals

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in shares of Critical Metals by 327.5% during the first quarter. Bank of America Corp DE now owns 229,907 shares of the company's stock worth $1,825,000 after buying an additional 176,123 shares in the last quarter. Corient Private Wealth LP grew its position in shares of Critical Metals by 153.9% in the second quarter. Corient Private Wealth LP now owns 136,618 shares of the company's stock valued at $1,400,000 after purchasing an additional 82,815 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Critical Metals in the second quarter valued at $29,000. Allworth Financial LP increased its stake in Critical Metals by 53.4% in the second quarter. Allworth Financial LP now owns 5,055 shares of the company's stock valued at $52,000 after purchasing an additional 1,760 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in Critical Metals by 121.4% during the first quarter. Royal Bank of Canada now owns 10,947 shares of the company's stock worth $87,000 after buying an additional 6,002 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Critical Metals Company Profile

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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