Critical Metals (NASDAQ:CRML) Sets New 1-Year High Following Analyst Upgrade

Critical Metals Corp. (NASDAQ:CRML) reached a new 52-week high during trading on Monday after Wall Street Zen upgraded the stock from a sell rating to a hold rating. The company traded as high as $12.63 and last traded at $13.09, with a volume of 25543672 shares changing hands. The stock had previously closed at $7.98.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Critical Metals in a research report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Critical Metals presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Critical Metals

Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC grew its position in shares of Critical Metals by 121.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,258 shares of the company’s stock valued at $47,000 after buying an additional 7,280 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in Critical Metals in the 2nd quarter valued at about $33,000. B. Riley Wealth Advisors Inc. bought a new stake in Critical Metals in the 2nd quarter valued at about $37,000. Pallas Capital Advisors LLC bought a new stake in Critical Metals in the 2nd quarter valued at about $45,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Critical Metals by 288.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,592 shares of the company’s stock valued at $63,000 after buying an additional 13,061 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Critical Metals Price Performance

The business has a 50-day moving average of $5.97 and a 200 day moving average of $3.52.

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.