Critical Metals Corp. (NASDAQ:CRML – Get Free Report)’s share price shot up 13.5% on Friday . The stock traded as high as $7.67 and last traded at $7.8750. 866,256 shares were traded during trading, a decline of 86% from the average session volume of 6,127,588 shares. The stock had previously closed at $6.94.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. Wall Street Zen cut Critical Metals from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Critical Metals in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.
Check Out Our Latest Analysis on CRML
Critical Metals Price Performance
Hedge Funds Weigh In On Critical Metals
Hedge funds have recently modified their holdings of the stock. Savant Capital LLC acquired a new position in shares of Critical Metals in the 2nd quarter valued at about $287,000. Canton Hathaway LLC purchased a new position in Critical Metals during the second quarter valued at approximately $308,000. CWM LLC grew its position in Critical Metals by 456.6% during the second quarter. CWM LLC now owns 31,284 shares of the company’s stock valued at $112,000 after purchasing an additional 25,663 shares in the last quarter. Abacus Wealth Partners LLC acquired a new position in Critical Metals in the 2nd quarter valued at approximately $179,000. Finally, Fifth Third Bancorp acquired a new position in Critical Metals in the 2nd quarter valued at approximately $358,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.
About Critical Metals
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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