Cantor Fitzgerald L. P. Sells 58,391 Shares of Critical Metals Corp. $CRML

Cantor Fitzgerald L. P. reduced its stake in Critical Metals Corp. (NASDAQ:CRML) by 23.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 190,405 shares of the company’s stock after selling 58,391 shares during the period. Cantor Fitzgerald L. P. owned about 0.16% of Critical Metals worth $1,184,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Critical Metals in the second quarter valued at approximately $33,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Critical Metals in the second quarter worth $37,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Critical Metals in the third quarter worth $38,000. BNP Paribas Financial Markets raised its position in Critical Metals by 95.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,401 shares of the company’s stock worth $40,000 after purchasing an additional 3,134 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in Critical Metals by 1,263.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 7,419 shares of the company’s stock worth $46,000 after buying an additional 6,875 shares during the period. 86.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CRML has been the topic of a number of recent analyst reports. Freedom Capital raised Critical Metals to a “strong-buy” rating in a research note 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 research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Critical Metals Stock Performance

CRML opened at $9.05 on Monday. Critical Metals Corp. has a fifty-two week low of $1.23 and a fifty-two week high of $32.15. The firm has a 50-day moving average of $12.50 and a 200 day moving average of $10.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.13 and a current ratio of 0.13.

Critical Metals 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.