Stock Traders Purchase Large Volume of Critical Metals Call Options (NASDAQ:CRML)

Key Points

• Critical Metals Corp. experienced a **62% increase** in call options trading, with **22,736 options** purchased on Tuesday compared to an average of **14,009** call options.
• The stock price of Critical Metals **declined by 17.6%** during trading hours, dropping to **$16.14**, amid a significant trading volume of **17,926,333 shares**.
• Analysts have given Critical Metals a **consensus rating of "Sell,"** as several research firms downgraded the stock's outlook recently.

Critical Metals Corp. (NASDAQ:CRML - Get Free Report) saw unusually large options trading on Tuesday. Stock traders bought 22,736 call options on the stock. This represents an increase of 62% compared to the average daily volume of 14,009 call options.

Critical Metals Stock Down 17.6%

NASDAQ CRML traded down $3.44 during trading hours on Tuesday, reaching $16.14. The company's stock had a trading volume of 17,926,333 shares, compared to its average volume of 6,398,417. The firm's 50-day moving average price is $8.91 and its 200-day moving average price is $4.73. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.16. Critical Metals has a 1 year low of $1.23 and a 1 year high of $32.15.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CRML. Weiss Ratings reiterated a "sell (e+)" rating on shares of Critical Metals in a report on Wednesday, October 8th. Wall Street Zen downgraded Critical Metals from a "hold" rating to a "sell" rating in a report on Saturday, October 11th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Critical Metals currently has a consensus rating of "Sell".

Institutional Trading of Critical Metals

A number of large investors have recently added to or reduced their stakes in the company. Linden Advisors LP bought a new stake in Critical Metals in the 1st quarter worth approximately $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 valued at $1,629,000 after buying an additional 332,878 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Critical Metals in the second quarter valued at about $1,059,000. Shay Capital LLC purchased a new stake in Critical Metals in the second quarter valued at about $984,000. Finally, PEAK6 LLC purchased a new stake in Critical Metals in the first quarter valued at 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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