Critical Metals (NASDAQ:CRML) Shares Down 1.9% – Here’s Why

Critical Metals Corp. (NASDAQ:CRML)’s stock price traded down 1.9% during trading on Monday . The stock traded as low as $1.46 and last traded at $1.53. 2,281,110 shares traded hands during mid-day trading, an increase of 318% from the average session volume of 545,192 shares. The stock had previously closed at $1.56.

Critical Metals Price Performance

The firm’s fifty day simple moving average is $1.66 and its 200 day simple moving average is $4.32.

Institutional Investors Weigh In On Critical Metals

Several hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC purchased a new stake in Critical Metals in the first quarter valued at $69,000. Linden Advisors LP purchased a new stake in Critical Metals in the first quarter valued at $799,000. PEAK6 LLC purchased a new stake in shares of Critical Metals during the 1st quarter worth about $249,000. XTX Topco Ltd purchased a new stake in shares of Critical Metals during the 1st quarter worth about $96,000. Finally, Next Capital Management LLC purchased a new stake in shares of Critical Metals during the 1st quarter worth about $28,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

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.