Critical Metals (LON:CRTM) Shares Up 7.7% – Still a Buy?

Critical Metals Plc (LON:CRTMGet Free Report)’s share price shot up 7.7% during mid-day trading on Wednesday . The company traded as high as GBX 7 and last traded at GBX 7. Approximately 4,460 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 137,603 shares. The stock had previously closed at GBX 6.50.

Critical Metals Stock Performance

The company has a debt-to-equity ratio of -305.56, a current ratio of 0.01 and a quick ratio of 7.85. The stock has a 50 day simple moving average of GBX 9.19 and a two-hundred day simple moving average of GBX 10.70. The company has a market cap of £7.12 million, a PE ratio of 0.05 and a beta of 2.29.

About Critical Metals

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Critical Metals is focused on acquiring and developing brownfield mining opportunities in the high-value critical metals space. The Company is focused on advancing low CAPEX and OPEX near-term production opportunities in order to generate short-term cash flow and build significant value for shareholders. Testament to this, the Company is currently developing the previously producing Molulu Copper Cobalt Mine in the Democratic Republic of Congo, and is focussed on returning the mine to production, targeting 120,000t/per annum of Copper Oxide Ore.

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