Critical Metals (NASDAQ:CRML) Shares Gap Up – Still a Buy?

Critical Metals Corp. (NASDAQ:CRML) gapped up prior to trading on Thursday . The stock had previously closed at $10.75, but opened at $11.36. Critical Metals shares last traded at $11.4470, with a volume of 3,836,470 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Texas Capital upgraded Critical Metals to a “strong-buy” rating in a research report on Thursday, April 16th. Freedom Capital upgraded Critical Metals to a “strong-buy” rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings upgraded Critical Metals from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Critical Metals Price Performance

The company has a 50-day simple moving average of $10.02 and a 200 day simple moving average of $10.43.

Institutional Investors Weigh In On Critical Metals

Several hedge funds have recently bought and sold shares of CRML. AQR Capital Management LLC purchased a new stake in Critical Metals in the 1st quarter worth approximately $69,000. Rhumbline Advisers boosted its position in Critical Metals by 582.5% in the 1st quarter. Rhumbline Advisers now owns 43,047 shares of the company’s stock worth $60,000 after purchasing an additional 36,740 shares in the last quarter. Geode Capital Management LLC boosted its position in Critical Metals by 272.6% in the 2nd quarter. Geode Capital Management LLC now owns 455,006 shares of the company’s stock worth $1,629,000 after purchasing an additional 332,878 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Critical Metals by 142.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 33,039 shares of the company’s stock worth $118,000 after purchasing an additional 19,418 shares in the last quarter. Finally, Cerity Partners LLC purchased a new stake in Critical Metals in the 2nd quarter worth approximately $226,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

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.