Traders Buy High Volume of Call Options on Critical Metals (NASDAQ:CRML)

Critical Metals Corp. (NASDAQ:CRML) was the target of some unusual options trading activity on Thursday. Stock investors acquired 65,863 call options on the stock. This represents an increase of 162% compared to the average volume of 25,150 call options.

Analysts Set New Price Targets

A number of research analysts have commented on CRML shares. Wall Street Zen cut shares of Critical Metals from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Critical Metals in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Critical Metals Stock Up 20.9%

Shares of CRML stock opened at $18.46 on Friday. Critical Metals has a 12-month low of $1.23 and a 12-month high of $32.15. 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 firm has a 50-day moving average price of $10.11 and a 200 day moving average price of $8.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CRML. Geode Capital Management LLC grew its position in shares of Critical Metals by 272.6% during the 2nd quarter. Geode Capital Management LLC now owns 455,006 shares of the company’s stock worth $1,629,000 after buying an additional 332,878 shares during the period. Creative Planning acquired a new stake in Critical Metals during the 3rd quarter worth $1,952,000. FNY Investment Advisers LLC bought a new stake in shares of Critical Metals during the 2nd quarter valued at $1,059,000. Vanguard Group Inc. raised its position in shares of Critical Metals by 40.0% during the 3rd quarter. Vanguard Group Inc. now owns 291,104 shares of the company’s stock valued at $1,811,000 after acquiring an additional 83,225 shares during the last quarter. Finally, Shay Capital LLC acquired a new position in shares of Critical Metals in the 2nd quarter valued at $984,000. 86.44% of the stock is owned by institutional investors and hedge funds.

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.