Critical Metals (NASDAQ:CRML) Shares Gap Up – Here’s What Happened

Critical Metals Corp. (NASDAQ:CRML)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $8.04, but opened at $8.25. Critical Metals shares last traded at $8.6180, with a volume of 924,318 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CRML. Weiss Ratings restated a “sell (e+)” rating on shares of Critical Metals in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Critical Metals from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Critical Metals Stock Performance

The stock has a fifty day moving average of $10.29 and a 200 day moving average of $7.36. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.16.

Institutional Trading of Critical Metals

A number of large investors have recently added to or reduced their stakes in CRML. Linden Advisors LP bought a new stake in Critical Metals in the first quarter worth about $799,000. Geode Capital Management LLC increased its stake in shares of Critical Metals by 272.6% during the 2nd quarter. Geode Capital Management LLC now owns 455,006 shares of the company’s stock worth $1,629,000 after purchasing an additional 332,878 shares during the last quarter. Creative Planning bought a new stake in shares of Critical Metals in the 3rd quarter worth approximately $1,952,000. FNY Investment Advisers LLC purchased a new position in Critical Metals in the second quarter valued at approximately $1,059,000. Finally, Shay Capital LLC purchased a new position in Critical Metals in the second quarter valued at approximately $984,000. Hedge funds and other 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.