Critical Metals Sees Unusually Large Options Volume (NASDAQ:CRML)

Critical Metals Corp. (NASDAQ:CRML) saw unusually large options trading activity on Monday. Stock traders bought 17,992 call options on the company. This represents an increase of 448% compared to the average daily volume of 3,285 call options.

Institutional Investors Weigh In On Critical Metals

Hedge funds have recently bought and sold shares of the stock. Abacus Wealth Partners LLC purchased a new position in shares of Critical Metals during the 2nd quarter valued at approximately $179,000. Alps Advisors Inc. grew its position in Critical Metals by 139.8% during the first quarter. Alps Advisors Inc. now owns 36,799 shares of the company’s stock valued at $51,000 after buying an additional 21,451 shares during the period. Fifth Third Bancorp acquired a new stake in Critical Metals during the second quarter valued at $358,000. Cambridge Investment Research Advisors Inc. purchased a new position in Critical Metals in the first quarter valued at $58,000. Finally, Pallas Capital Advisors LLC acquired a new position in shares of Critical Metals in the second quarter worth about $45,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Critical Metals in a research note on Saturday, September 27th. Wall Street Zen upgraded Critical Metals from a “sell” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Critical Metals currently has a consensus rating of “Sell”.

Critical Metals Price Performance

Shares of CRML stock opened at $11.59 on Tuesday. Critical Metals has a 52-week low of $1.23 and a 52-week high of $16.68. The business has a 50-day simple moving average of $5.97 and a 200-day simple moving average of $3.52.

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.