Critical Metals (NASDAQ:CRML) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Critical Metals Corp. (NASDAQ:CRML) saw strong trading volume on Monday . 20,992,279 shares changed hands during mid-day trading, an increase of 79% from the previous session’s volume of 11,702,332 shares.The stock last traded at $9.2050 and had previously closed at $6.73.

Analyst Ratings Changes

CRML has been the subject of several recent research reports. Freedom Capital downgraded Critical Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded shares of Critical Metals from a “strong sell” rating to a “sell” rating in a report on Saturday, September 12th. Cantor Fitzgerald assumed coverage on shares of Critical Metals in a research report on Tuesday, July 14th. They set a “speculative buy” rating and a $18.00 target price on the stock. Finally, Weiss Ratings cut shares of Critical Metals from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Critical Metals has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Critical Metals Trading Up 34.4%

The stock has a 50 day moving average price of $6.71 and a two-hundred day moving average price of $8.85.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CRML. Empery Asset Management LP purchased a new position in shares of Critical Metals in the fourth quarter worth $3,411,000. PNC Financial Services Group Inc. grew its holdings in shares of Critical Metals by 100.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 274,348 shares of the company’s stock valued at $1,904,000 after buying an additional 137,174 shares during the last quarter. Bank of America Corp DE increased its position in shares of Critical Metals by 327.5% in the 1st quarter. Bank of America Corp DE now owns 229,907 shares of the company’s stock valued at $1,825,000 after acquiring an additional 176,123 shares during the period. Corient Private Wealth LP increased its position in shares of Critical Metals by 153.9% in the 2nd quarter. Corient Private Wealth LP now owns 136,618 shares of the company’s stock valued at $1,400,000 after acquiring an additional 82,815 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Critical Metals by 31.1% in the 1st quarter. Bank of New York Mellon Corp now owns 123,904 shares of the company’s stock worth $984,000 after acquiring an additional 29,427 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

About Critical Metals

Critical Metals Corp. is a mineral development company focused on advancing projects that supply critical raw materials for the electric vehicle, battery storage, renewable energy and technology industries. The company’s principal asset is the Wolfsberg Lithium Project in Carinthia, Austria, which is intended to produce battery-grade lithium hydroxide for European markets.

The Wolfsberg project includes planned mining, processing and refining operations designed to support an integrated European lithium supply chain.