Critical Metals (NASDAQ:CRML) Shares Up 15.7% – Time to Buy?

Critical Metals Corp. (NASDAQ:CRML) shares traded up 15.7% on Thursday . The company traded as high as $18.15 and last traded at $17.6720. 17,983,454 shares were traded during trading, a decline of 38% from the average session volume of 29,003,197 shares. The stock had previously closed at $15.27.

Analyst Upgrades and Downgrades

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

Critical Metals Price Performance

The company has a fifty day simple moving average of $9.92 and a two-hundred day simple moving average of $8.72. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.16.

Institutional Trading of Critical Metals

A number of hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC purchased a new stake in Critical Metals in the 1st quarter valued at about $69,000. Rhumbline Advisers grew its holdings in Critical Metals by 582.5% in the first quarter. Rhumbline Advisers now owns 43,047 shares of the company’s stock valued at $60,000 after purchasing an additional 36,740 shares during the period. Pallas Capital Advisors LLC acquired a new position in Critical Metals during the second quarter worth approximately $45,000. Wealth Enhancement Advisory Services LLC purchased a new position in Critical Metals during the second quarter worth approximately $57,000. Finally, Fifth Third Bancorp acquired a new position in shares of Critical Metals in the 2nd quarter valued at $358,000. 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.