Critical Metals (NASDAQ:CRML) Shares Gap Down – Time to Sell?

Critical Metals Corp. (NASDAQ:CRML) shares gapped down before the market opened on Thursday . The stock had previously closed at $17.92, but opened at $16.98. Critical Metals shares last traded at $17.8340, with a volume of 6,645,560 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CRML. Wall Street Zen lowered shares of Critical Metals from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Critical Metals in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Critical Metals Stock Up 2.3%

The company’s 50-day moving average price is $9.51 and its 200 day moving average price is $8.41. 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 added to or reduced their stakes in CRML. Savant Capital LLC bought a new position in shares of Critical Metals in the second quarter worth about $287,000. Canton Hathaway LLC purchased a new position in Critical Metals in the 2nd quarter worth approximately $308,000. CWM LLC lifted its holdings in Critical Metals by 456.6% in the 2nd quarter. CWM LLC now owns 31,284 shares of the company’s stock worth $112,000 after purchasing an additional 25,663 shares in the last quarter. Abacus Wealth Partners LLC bought a new position in Critical Metals in the 2nd quarter worth approximately $179,000. Finally, Fifth Third Bancorp purchased a new stake in Critical Metals during the 2nd quarter valued at approximately $358,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

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.