Critical Metals (NASDAQ:CRML) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Critical Metals (NASDAQ:CRML) from a sell rating to a hold rating in a research note released on Friday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Critical Metals in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Critical Metals Trading Down 1.5%

Shares of CRML stock opened at $7.98 on Friday. The business’s 50 day moving average is $5.82 and its two-hundred day moving average is $3.43. Critical Metals has a 12-month low of $1.23 and a 12-month high of $9.89.

Institutional Investors Weigh In On Critical Metals

A number of hedge funds have recently modified their holdings of the company. Linden Advisors LP purchased a new position in Critical Metals during the first quarter worth about $799,000. Geode Capital Management LLC grew its position in Critical Metals by 272.6% in the second quarter. Geode Capital Management LLC now owns 455,006 shares of the company’s stock worth $1,629,000 after acquiring an additional 332,878 shares during the period. FNY Investment Advisers LLC acquired a new stake in Critical Metals during the second quarter worth $1,059,000. Shay Capital LLC purchased a new stake in Critical Metals in the second quarter valued at $984,000. Finally, PEAK6 LLC purchased a new stake in Critical Metals in the first quarter valued at $249,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

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.