Critical Metals (NASDAQ:CRML) Shares Gap Down – Here’s Why

Shares of Critical Metals Corp. (NASDAQ:CRML) gapped down prior to trading on Thursday . The stock had previously closed at $17.06, but opened at $15.74. Critical Metals shares last traded at $14.1170, with a volume of 13,812,068 shares changing hands.

Wall Street Analyst Weigh In

CRML has been the subject of several analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Critical Metals in a report on Wednesday, January 21st. Wall Street Zen cut shares of 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 Trading Down 6.0%

The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $11.17 and a 200-day simple moving average of $9.37.

Institutional Investors Weigh In On Critical Metals

A number of large investors have recently bought and sold shares of the stock. Savant Capital LLC acquired a new stake in shares of Critical Metals in the 2nd quarter valued at about $287,000. Canton Hathaway LLC bought a new position in Critical Metals in the second quarter worth approximately $308,000. CWM LLC grew its stake in Critical Metals by 456.6% in the second quarter. CWM LLC now owns 31,284 shares of the company’s stock valued at $112,000 after acquiring an additional 25,663 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Critical Metals during the second quarter valued at approximately $33,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Critical Metals during the second quarter worth approximately $1,059,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

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.