Critical Metals (NASDAQ:CRML) Stock Price Up 2.7% – What’s Next?

Critical Metals Corp. (NASDAQ:CRML) shares traded up 2.7% during mid-day trading on Friday . The stock traded as high as $9.35 and last traded at $9.10. 6,509,020 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 6,878,157 shares. The stock had previously closed at $8.86.

Analysts Set New Price Targets

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

Critical Metals Stock Performance

The stock has a 50-day moving average of $11.05 and a 200 day moving average of $5.96. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.13 and a quick ratio of 0.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Canton Hathaway LLC acquired a new position in shares of Critical Metals in the 2nd quarter valued at about $308,000. CWM LLC boosted its position 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 acquired a new stake in shares of Critical Metals during the 2nd quarter worth approximately $179,000. Alps Advisors Inc. increased its holdings in shares of Critical Metals by 139.8% during the 1st quarter. Alps Advisors Inc. now owns 36,799 shares of the company’s stock valued at $51,000 after purchasing an additional 21,451 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new position in shares of Critical Metals during the 2nd quarter valued at approximately $358,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

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.