PNC Financial Services Group Inc. Makes New Investment in Critical Metals Corp. $CRML

PNC Financial Services Group Inc. acquired a new stake in Critical Metals Corp. (NASDAQ:CRML) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 137,174 shares of the company’s stock, valued at approximately $853,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Critical Metals in the second quarter valued at approximately $33,000. B. Riley Wealth Advisors Inc. bought a new position in Critical Metals in the 2nd quarter valued at $37,000. SBI Securities Co. Ltd. increased its position in shares of Critical Metals by 1,263.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 7,419 shares of the company’s stock valued at $46,000 after purchasing an additional 6,875 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Critical Metals by 121.8% during the 2nd 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 last quarter. Finally, Rhumbline Advisers raised its stake in shares of Critical Metals by 582.5% during the 1st quarter. Rhumbline Advisers now owns 43,047 shares of the company’s stock worth $60,000 after purchasing an additional 36,740 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Critical Metals in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Critical Metals Stock Up 0.3%

NASDAQ:CRML opened at $10.76 on Thursday. The business has a fifty day simple moving average of $11.98 and a two-hundred day simple moving average of $10.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.13 and a quick ratio of 0.13. Critical Metals Corp. has a 1 year low of $1.23 and a 1 year high of $32.15.

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.