Critical Metals (NASDAQ:CRML) Stock Price Up 14.4% – Here’s Why

Critical Metals Corp. (NASDAQ:CRML) was up 14.4% on Friday . The stock traded as high as $15.86 and last traded at $15.4030. Approximately 10,834,519 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 23,596,508 shares. The stock had previously closed at $13.47.

Analyst Ratings Changes

CRML has been the subject of a number of recent research reports. Wall Street Zen lowered Critical Metals from a “hold” rating to a “sell” rating in a 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 research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Critical Metals presently has an average rating of “Sell”.

Critical Metals Trading Up 17.7%

The company’s 50-day simple moving average is $8.91 and its 200 day simple moving average is $7.87. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.13 and a current ratio of 0.13.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC bought a new position in Critical Metals in the 1st quarter valued at $69,000. Rhumbline Advisers boosted its holdings in shares of Critical Metals by 582.5% in the 1st quarter. Rhumbline Advisers now owns 43,047 shares of the company’s stock worth $60,000 after buying an additional 36,740 shares during the last quarter. Pallas Capital Advisors LLC purchased a new position in shares of Critical Metals in the 2nd quarter worth about $45,000. Wealth Enhancement Advisory Services LLC bought a new position in Critical Metals during the second quarter valued at about $57,000. Finally, Abacus Wealth Partners LLC purchased a new stake in Critical Metals during the second quarter worth about $179,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

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.