Critical Metals (NASDAQ:CRML) Shares Up 7.6% – Time to Buy?

Critical Metals Corp. (NASDAQ:CRML) shares traded up 7.6% on Monday . The stock traded as high as $8.12 and last traded at $8.1010. 1,200,991 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 6,790,917 shares. The stock had previously closed at $7.53.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wall Street Zen lowered shares of Critical Metals from a “hold” rating to a “sell” rating in a research note 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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Critical Metals presently has a consensus rating of “Sell”.

Critical Metals Stock Performance

The company’s 50 day moving average is $10.58 and its 200 day moving average is $7.36. 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

Hedge funds have recently made changes to their positions in the business. National Bank of Canada FI bought a new stake in shares of Critical Metals in the third quarter valued at approximately $25,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Critical Metals in the 2nd quarter valued at $33,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Critical Metals during the 2nd quarter valued at $37,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Critical Metals during the 3rd quarter worth $38,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Critical Metals by 95.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,401 shares of the company’s stock worth $40,000 after purchasing an additional 3,134 shares in the last quarter. 86.44% of the stock is owned by institutional investors.

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.