Critical Metals (NASDAQ:CRML) Trading 9.1% Higher – Here’s What Happened

Critical Metals Corp. (NASDAQ:CRML)’s share price was up 9.1% during trading on Wednesday . The stock traded as high as $10.63 and last traded at $10.6910. Approximately 4,089,648 shares traded hands during trading, a decline of 74% from the average daily volume of 16,029,195 shares. The stock had previously closed at $9.80.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CRML shares. Freedom Capital raised shares of Critical Metals to a “strong-buy” rating in a research report on Tuesday, March 10th. Texas Capital raised shares of Critical Metals to a “strong-buy” rating in a research report on Thursday, April 16th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Critical Metals in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Critical Metals Stock Up 10.6%

The business’s fifty day moving average is $9.94 and its 200 day moving average is $10.46.

Institutional Investors Weigh In On Critical Metals

A number of hedge funds have recently modified their holdings of CRML. Alyeska Investment Group L.P. bought a new stake in shares of Critical Metals in the 4th quarter worth approximately $27,130,000. UBS Group AG raised its holdings in shares of Critical Metals by 610.9% in the 4th quarter. UBS Group AG now owns 2,196,037 shares of the company’s stock worth $15,240,000 after purchasing an additional 1,887,125 shares during the period. Bridgewater Associates LP bought a new stake in shares of Critical Metals in the 4th quarter worth approximately $4,237,000. Empery Asset Management LP bought a new stake in shares of Critical Metals in the 4th quarter worth approximately $3,411,000. Finally, Geode Capital Management LLC raised its holdings in Critical Metals by 272.6% during the 2nd 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 period. 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.