Critical Metals (NASDAQ:CRML) Shares Gap Down – What’s Next?

Critical Metals Corp. (NASDAQ:CRML)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $8.20, but opened at $7.91. Critical Metals shares last traded at $7.7440, with a volume of 1,310,418 shares changing hands.

Analyst Ratings Changes

CRML has been the subject of a number of analyst reports. Wall Street Zen downgraded Critical Metals from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Critical Metals in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Critical Metals Stock Up 20.0%

The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average is $11.51 and its two-hundred day moving average is $6.63.

Institutional Trading of Critical Metals

Several hedge funds and other institutional investors have recently bought and sold shares of CRML. Savant Capital LLC bought a new position in shares of Critical Metals in the 2nd quarter worth $287,000. Canton Hathaway LLC bought a new position in Critical Metals in the second quarter worth about $308,000. CWM LLC boosted its holdings in shares of Critical Metals by 456.6% in the 2nd quarter. CWM LLC now owns 31,284 shares of the company’s stock valued at $112,000 after buying an additional 25,663 shares in the last quarter. Abacus Wealth Partners LLC purchased a new position in shares of Critical Metals in the 2nd quarter worth approximately $179,000. Finally, Fifth Third Bancorp bought a new position in shares of Critical Metals during the 2nd quarter worth approximately $358,000. Institutional investors own 86.44% of the company’s stock.

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.