Critical Metals (NASDAQ:CRML) Shares Gap Down – Should You Sell?

Critical Metals Corp. (NASDAQ:CRML)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $17.92, but opened at $16.98. Critical Metals shares last traded at $17.8340, with a volume of 6,645,560 shares.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wall Street Zen cut shares of Critical Metals from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Critical Metals in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Critical Metals Trading Down 3.8%

The firm has a fifty day moving average price of $9.23 and a two-hundred day moving average price of $8.25. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.16.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. National Bank of Canada FI acquired a new stake in Critical Metals during the 3rd quarter worth $25,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Critical Metals in the second quarter valued at $33,000. B. Riley Wealth Advisors Inc. purchased a new stake in Critical Metals in the second quarter valued at approximately $37,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Critical Metals during the third quarter worth about $38,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Critical Metals by 95.9% in the third quarter. BNP Paribas Financial Markets now owns 6,401 shares of the company’s stock valued at $40,000 after buying an additional 3,134 shares in the last quarter. Institutional investors and hedge funds 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.