Critical Metals Target of Unusually High Options Trading (NASDAQ:CRML)

Critical Metals Corp. (NASDAQ:CRML) was the target of some unusual options trading on Friday. Investors bought 36,493 put options on the stock. This is an increase of approximately 129% compared to the average volume of 15,905 put options.

Critical Metals Trading Down 1.5%

Shares of NASDAQ:CRML traded down $0.11 during trading on Friday, hitting $7.12. 3,935,832 shares of the company were exchanged, compared to its average volume of 6,851,886. Critical Metals has a 1-year low of $1.23 and a 1-year high of $32.15. The business’s 50 day moving average is $11.27 and its 200-day moving average is $6.19. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.16.

Institutional Investors Weigh In On Critical Metals

A number of institutional investors have recently modified their holdings of the company. National Bank of Canada FI acquired a new stake in Critical Metals in the third quarter worth $25,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Critical Metals during the third quarter worth about $38,000. BNP Paribas Financial Markets grew its holdings in shares of Critical Metals by 95.9% in the third quarter. BNP Paribas Financial Markets now owns 6,401 shares of the company’s stock valued at $40,000 after acquiring an additional 3,134 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of Critical Metals by 1,263.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 7,419 shares of the company’s stock valued at $46,000 after purchasing an additional 6,875 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey purchased a new position in Critical Metals in the second quarter valued at about $33,000. 86.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRML. Wall Street Zen downgraded shares of Critical Metals from a “hold” rating to a “sell” rating in a research report 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, the company presently has a consensus rating of “Sell”.

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.