Critical Metals (NASDAQ:CRML) Shares Down 8.9% – Should You Sell?

Critical Metals Corp. (NASDAQ:CRML) shares dropped 8.9% during trading on Monday . The company traded as low as $8.71 and last traded at $8.3650. Approximately 915,595 shares were traded during trading, a decline of 87% from the average daily volume of 6,831,686 shares. The stock had previously closed at $9.18.

Analyst Ratings Changes

CRML has been the subject of a number of recent research reports. Wall Street Zen lowered Critical Metals from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Critical Metals in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Critical Metals Trading Down 1.2%

The business’s 50 day moving average price is $11.71 and its 200-day moving average price is $7.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.13 and a quick ratio of 0.13.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its stake in shares of 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 in the last quarter. National Bank of Canada FI bought a new stake in shares of Critical Metals during the 3rd quarter worth about $25,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Critical Metals in the 3rd quarter valued at approximately $38,000. SBI Securities Co. Ltd. lifted its holdings in Critical Metals by 1,263.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 7,419 shares of the company’s stock worth $46,000 after purchasing an additional 6,875 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Critical Metals by 121.8% in the second quarter. Tower Research Capital LLC TRC now owns 13,258 shares of the company’s stock valued at $47,000 after purchasing an additional 7,280 shares during the period. 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.