Critical Metals (NASDAQ:CRML) Sets New 12-Month High After Analyst Upgrade

Shares of Critical Metals Corp. (NASDAQ:CRML) hit a new 52-week high on Monday after Wall Street Zen upgraded the stock from a sell rating to a hold rating. The stock traded as high as $12.63 and last traded at $13.09, with a volume of 25543672 shares traded. The stock had previously closed at $7.98.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Critical Metals in a report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Critical Metals has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRML. Linden Advisors LP bought a new position in shares of Critical Metals in the first quarter valued at approximately $799,000. Geode Capital Management LLC increased its position in shares of Critical Metals by 272.6% during the second quarter. Geode Capital Management LLC now owns 455,006 shares of the company’s stock valued at $1,629,000 after acquiring an additional 332,878 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Critical Metals during the second quarter valued at approximately $1,059,000. Shay Capital LLC purchased a new stake in shares of Critical Metals during the second quarter valued at approximately $984,000. Finally, PEAK6 LLC purchased a new stake in shares of Critical Metals during the first quarter valued at approximately $249,000. Institutional investors own 86.44% of the company’s stock.

Critical Metals Trading Up 75.8%

The stock has a 50-day moving average of $5.82 and a 200 day moving average of $3.45.

Critical Metals Company Profile

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.