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

Critical Metals Corp. (NASDAQ:CRML) saw unusually large options trading activity on Monday. Stock investors acquired 17,992 call options on the stock. This is an increase of approximately 448% compared to the average volume of 3,285 call options.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wall Street Zen raised shares of Critical Metals from a “sell” rating to a “hold” rating in a research note on Friday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Critical Metals in a research report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Trading of Critical Metals

A number of institutional investors have recently bought and sold shares of the company. Abacus Wealth Partners LLC acquired a new position in shares of Critical Metals during the second quarter valued at about $179,000. Alps Advisors Inc. raised its holdings in shares of Critical Metals by 139.8% during the first 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 during the period. Fifth Third Bancorp acquired a new position in shares of Critical Metals during the second quarter valued at about $358,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Critical Metals during the first quarter valued at about $58,000. Finally, Pallas Capital Advisors LLC acquired a new position in shares of Critical Metals during the second quarter valued at about $45,000. Institutional investors own 86.44% of the company’s stock.

Critical Metals Stock Performance

CRML traded up $5.66 during trading on Monday, reaching $13.64. 51,997,399 shares of the stock traded hands, compared to its average volume of 3,628,068. The stock’s 50-day moving average is $5.82 and its 200 day moving average is $3.45. Critical Metals has a 12 month low of $1.23 and a 12 month high of $14.33.

About Critical Metals

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.