Traders Purchase High Volume of Call Options on Critical Metals (NASDAQ:CRML)

Critical Metals Corp. (NASDAQ:CRML) saw some unusual options trading activity on Thursday. Stock traders purchased 65,863 call options on the company. This represents an increase of 162% compared to the typical volume of 25,150 call options.

Critical Metals Trading Up 19.7%

Shares of CRML stock traded up $3.00 during mid-day trading on Thursday, reaching $18.27. The stock had a trading volume of 25,954,223 shares, compared to its average volume of 30,006,992. Critical Metals has a one year low of $1.23 and a one year high of $32.15. The firm’s 50 day simple moving average is $9.92 and its 200 day simple moving average is $8.72. 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

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

Wall Street Analyst Weigh In

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

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.