Critical Metals (NASDAQ:CRML) Trading Up 13.8% – Here’s Why

Critical Metals Corp. (NASDAQ:CRML)’s stock price was up 13.8% during trading on Friday . The company traded as high as $9.62 and last traded at $9.9830. Approximately 1,949,637 shares traded hands during trading, a decline of 87% from the average daily volume of 15,324,285 shares. The stock had previously closed at $8.77.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CRML shares. Freedom Capital raised shares of Critical Metals to a “strong-buy” rating in a research report on Tuesday, March 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Critical Metals in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Critical Metals presently has an average rating of “Moderate Buy”.

Critical Metals Stock Performance

The business’s 50-day moving average is $9.48 and its 200 day moving average is $10.84.

Hedge Funds Weigh In On Critical Metals

Several hedge funds have recently bought and sold shares of the company. Signaturefd LLC increased its holdings in Critical Metals by 44.7% in the 4th quarter. Signaturefd LLC now owns 8,662 shares of the company’s stock valued at $60,000 after buying an additional 2,676 shares during the period. BNP Paribas Financial Markets increased its holdings in Critical Metals by 95.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,401 shares of the company’s stock valued at $40,000 after buying an additional 3,134 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Critical Metals by 21.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,301 shares of the company’s stock valued at $127,000 after buying an additional 3,266 shares during the period. National Bank of Canada FI bought a new position in Critical Metals in the 3rd quarter valued at about $25,000. Finally, Sunbelt Securities Inc. bought a new position in Critical Metals in the 4th quarter valued at about $28,000. 86.44% of the stock is owned by institutional investors.

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.