Stock Traders Buy High Volume of Call Options on Critical Metals (NASDAQ:CRML)

Key Points

• Call-option activity surged: Traders purchased 29,046 CRML call options, 78% above the average volume, while shares jumped 40.4% to $9.45 on unusually heavy trading.
• Analyst sentiment is mixed but leans positive: Critical Metals has an average “Moderate Buy” rating and an $18 price target, though ratings range from Strong Buy to Sell.
• Institutional ownership is substantial: Hedge funds and other institutional investors own 86.44% of the company, with several major investors recently increasing their stakes.

Critical Metals Corp. (NASDAQ:CRML - Get Free Report) saw unusually large options trading activity on Monday. Stock traders purchased 29,046 call options on the company. This represents an increase of 78% compared to the average volume of 16,331 call options.

Critical Metals Trading Up 40.4%

Shares of NASDAQ:CRML traded up $2.72 during trading hours on Monday, reaching $9.45. The stock had a trading volume of 26,576,836 shares, compared to its average volume of 11,781,245. Critical Metals has a 1 year low of $5.11 and a 1 year high of $32.15. The firm's 50 day moving average is $6.71 and its 200-day moving average is $8.85.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CRML shares. Cantor Fitzgerald initiated coverage on shares of Critical Metals in a research note on Tuesday, July 14th. They issued a "speculative buy" rating and a $18.00 price target for the company. Freedom Capital lowered Critical Metals from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 11th. Weiss Ratings cut Critical Metals from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Tuesday, July 21st. Finally, Wall Street Zen upgraded Critical Metals from a "strong sell" rating to a "sell" rating in a report on Saturday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $18.00.

Hedge Funds Weigh In On Critical Metals

Several large investors have recently bought and sold shares of CRML. Allworth Financial LP boosted its position in shares of Critical Metals by 53.4% during the 2nd quarter. Allworth Financial LP now owns 5,055 shares of the company's stock worth $52,000 after acquiring an additional 1,760 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Critical Metals by 14.3% during the first quarter. The Manufacturers Life Insurance Company now owns 14,630 shares of the company's stock worth $116,000 after purchasing an additional 1,829 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Critical Metals in the second quarter valued at approximately $29,000. Rockefeller Capital Management L.P. increased its stake in Critical Metals by 10.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 55,253 shares of the company's stock valued at $383,000 after purchasing an additional 5,253 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings 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 purchasing an additional 6,002 shares in the last quarter. Hedge funds and other institutional investors own 86.44% 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 electric vehicle, battery storage, renewable energy and technology industries. The company's principal asset is the Wolfsberg Lithium Project in Carinthia, Austria, which is intended to produce battery-grade lithium hydroxide for European markets.

The Wolfsberg project includes planned mining, processing and refining operations designed to support an integrated European lithium supply chain.

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