Critical Metals (NASDAQ:CRML) Shares Down 7.7% – Time to Sell?

Critical Metals Corp. (NASDAQ:CRML) was down 7.7% on Friday . The stock traded as low as $6.59 and last traded at $6.48. Approximately 1,802,317 shares traded hands during trading, a decline of 45% from the average daily volume of 3,283,356 shares. The stock had previously closed at $7.02.

Critical Metals Stock Performance

The company’s fifty day moving average price is $5.52 and its two-hundred day moving average price is $3.26.

Institutional Trading of Critical Metals

Several hedge funds have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Critical Metals during the second quarter worth approximately $37,000. Tower Research Capital LLC TRC increased its holdings in shares of Critical Metals by 121.8% during the second quarter. Tower Research Capital LLC TRC now owns 13,258 shares of the company’s stock worth $47,000 after buying an additional 7,280 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of Critical Metals during the second quarter worth approximately $196,000. Shay Capital LLC acquired a new stake in shares of Critical Metals during the second quarter worth approximately $984,000. Finally, Bank of America Corp DE increased its holdings in shares of Critical Metals by 65.6% in the second quarter. Bank of America Corp DE now owns 101,742 shares of the company’s stock valued at $364,000 after purchasing an additional 40,291 shares in the last quarter. Institutional investors and hedge funds 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.