Critical Metals (NASDAQ:CRML) Trading Up 8.1% – Here’s Why

Critical Metals Corp. (NASDAQ:CRML) was up 8.1% on Wednesday . The stock traded as high as $10.23 and last traded at $10.3350. Approximately 976,267 shares changed hands during trading, a decline of 93% from the average daily volume of 14,638,548 shares. The stock had previously closed at $9.56.

Analyst Ratings Changes

Several equities analysts recently weighed in on CRML shares. Freedom Capital raised Critical Metals to a “strong-buy” rating in a research report on Tuesday, March 10th. Texas Capital raised Critical Metals to a “strong-buy” rating in a research report on Thursday, April 16th. Finally, Weiss Ratings raised Critical Metals from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Critical Metals has a consensus rating of “Buy”.

Critical Metals Stock Up 8.2%

The firm has a fifty day simple moving average of $10.85 and a 200 day simple moving average of $10.64.

Institutional Investors Weigh In On Critical Metals

Large investors have recently modified their holdings of the stock. National Bank of Canada FI bought a new stake in shares of Critical Metals in the 3rd quarter valued at approximately $25,000. Sunbelt Securities Inc. bought a new stake in shares of Critical Metals in the 4th quarter valued at approximately $28,000. Royal Bank of Canada grew its stake in shares of Critical Metals by 899.0% in the 4th quarter. Royal Bank of Canada now owns 4,945 shares of the company’s stock valued at $35,000 after purchasing an additional 4,450 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in shares of Critical Metals in the 2nd quarter valued at approximately $37,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Critical Metals in the 3rd quarter valued at approximately $38,000. 86.44% of the stock is currently 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.