Critical Metals (NASDAQ:CRML) Shares Down 8.9% – Should You Sell?

Shares of Critical Metals Corp. (NASDAQ:CRML) fell 8.9% during mid-day trading on Monday . The company traded as low as $7.48 and last traded at $7.50. 2,573,512 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 6,800,436 shares. The stock had previously closed at $8.23.

Analyst Ratings Changes

Several analysts recently commented on CRML shares. Wall Street Zen cut Critical Metals from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Critical Metals in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Critical Metals Price Performance

The business has a 50 day simple moving average of $11.38 and a 200-day simple moving average of $6.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.13 and a current ratio of 0.13.

Institutional Investors Weigh In On Critical Metals

Several hedge funds and other institutional investors have recently bought and sold shares of the business. National Bank of Canada FI bought a new position in shares of Critical Metals in the third quarter valued at $25,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Critical Metals during the 2nd quarter worth $33,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Critical Metals in the 2nd quarter worth $37,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Critical Metals during the third quarter worth $38,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Critical Metals by 95.9% during the third quarter. BNP Paribas Financial Markets now owns 6,401 shares of the company’s stock valued at $40,000 after purchasing an additional 3,134 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors.

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.