Critical Metals (NASDAQ:CRML) Stock Price Up 14.4% – Time to Buy?

Shares of Critical Metals Corp. (NASDAQ:CRMLGet Free Report) shot up 14.4% during mid-day trading on Friday . The stock traded as high as $15.86 and last traded at $15.4030. 10,834,519 shares changed hands during trading, a decline of 54% from the average session volume of 23,596,508 shares. The stock had previously closed at $13.47.

More Critical Metals News

Here are the key news stories impacting Critical Metals this week:

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen lowered Critical Metals from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Critical Metals in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on CRML

Critical Metals Price Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.13 and a quick ratio of 0.13. The company has a 50-day moving average price of $8.95 and a two-hundred day moving average price of $7.99.

Institutional Investors Weigh In On Critical Metals

Hedge funds and other institutional investors have recently modified their holdings of the stock. Savant Capital LLC bought a new position in shares of Critical Metals in the second quarter worth $287,000. Canton Hathaway LLC bought a new stake in Critical Metals during the second quarter valued at $308,000. CWM LLC increased its stake in Critical Metals by 456.6% in the 2nd quarter. CWM LLC now owns 31,284 shares of the company’s stock worth $112,000 after acquiring an additional 25,663 shares during the last quarter. Abacus Wealth Partners LLC purchased a new stake in shares of Critical Metals in the 2nd quarter valued at about $179,000. Finally, Fifth Third Bancorp bought a new stake in shares of Critical Metals during the 2nd quarter valued at about $358,000. 86.44% of the stock is currently owned by institutional investors.

Critical Metals Company Profile

(Get Free Report)

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.

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