Critical Metals (NASDAQ:CRML) Shares Gap Up – Should You Buy?

Critical Metals Corp. (NASDAQ:CRML)’s share price gapped up prior to trading on Monday . The stock had previously closed at $14.98, but opened at $16.36. Critical Metals shares last traded at $14.0510, with a volume of 10,262,083 shares trading hands.

Wall Street Analysts Forecast Growth

CRML has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Critical Metals in a research report on Wednesday, October 8th. Wall Street Zen cut 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, Critical Metals currently has a consensus rating of “Sell”.

Critical Metals Stock Down 1.0%

The stock has a 50 day simple moving average of $8.95 and a two-hundred day simple moving average of $8.03. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.13 and a quick ratio of 0.13.

Hedge Funds Weigh In On Critical Metals

A number of institutional investors have recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new stake in Critical Metals in the third quarter valued at $25,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Critical Metals in the 2nd quarter valued at about $33,000. B. Riley Wealth Advisors Inc. acquired a new stake in Critical Metals in the 2nd quarter valued at about $37,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Critical Metals in the 3rd quarter valued at about $38,000. Finally, BNP Paribas Financial Markets grew its holdings in Critical Metals by 95.9% during the third 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 during the period. 86.44% of the stock is currently owned by institutional investors and hedge funds.

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.