Critical Metals (NASDAQ:CRML) Trading Down 6% – What’s Next?

Critical Metals Corp. (NASDAQ:CRML)’s share price dropped 6% during trading on Wednesday . The stock traded as low as $9.67 and last traded at $9.4810. Approximately 3,204,149 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 19,078,684 shares. The stock had previously closed at $10.09.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Critical Metals in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Critical Metals Stock Down 4.7%

The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average price is $12.38 and its 200 day moving average price is $10.55.

Institutional Trading of Critical Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRML. AQR Capital Management LLC acquired a new stake in shares of Critical Metals in the first quarter worth about $69,000. Rhumbline Advisers raised its holdings in Critical Metals by 582.5% in the first quarter. Rhumbline Advisers now owns 43,047 shares of the company’s stock worth $60,000 after purchasing an additional 36,740 shares during the period. Savant Capital LLC acquired a new position in Critical Metals in the 2nd quarter worth $287,000. Geode Capital Management LLC increased its stake in Critical Metals by 272.6% in the 2nd quarter. Geode Capital Management LLC now owns 455,006 shares of the company’s stock valued at $1,629,000 after buying an additional 332,878 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new position in shares of Critical Metals in the 2nd quarter valued at about $33,000. 86.44% of the stock is 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.