Critical Metals (NASDAQ:CRML) Stock Price Down 7.9% – Should You Sell?

Critical Metals Corp. (NASDAQ:CRML) dropped 7.9% on Wednesday . The company traded as low as $16.23 and last traded at $15.8130. Approximately 15,213,407 shares changed hands during trading, a decline of 46% from the average daily volume of 28,095,682 shares. The stock had previously closed at $17.17.

Analysts Set New Price Targets

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

Critical Metals Stock Up 11.8%

The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.16. The company has a fifty day simple moving average of $10.34 and a two-hundred day simple moving average of $8.91.

Hedge Funds Weigh In On Critical Metals

Hedge funds have recently bought and sold shares of the company. National Bank of Canada FI acquired a new stake in Critical Metals during the 3rd quarter worth approximately $25,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Critical Metals during the second quarter valued at $33,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Critical Metals during the second quarter worth $37,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Critical Metals in the third quarter worth $38,000. Finally, BNP Paribas Financial Markets increased its holdings in 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 purchasing an additional 3,134 shares during the period. 86.44% of the stock is owned by institutional investors.

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.