Critical Metals (NASDAQ:CRML) Trading 9.1% Higher – Time to Buy?

Shares of Critical Metals Corp. (NASDAQ:CRML) shot up 9.1% during mid-day trading on Wednesday . The company traded as high as $10.63 and last traded at $10.6910. 4,089,648 shares changed hands during trading, a decline of 74% from the average session volume of 16,029,195 shares. The stock had previously closed at $9.80.

Wall Street Analyst Weigh In

CRML has been the subject of a number of research reports. Texas Capital raised shares of Critical Metals to a “strong-buy” rating in a report on Thursday, April 16th. Weiss Ratings raised Critical Metals from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. Finally, Freedom Capital raised Critical Metals to a “strong-buy” rating in a research note on Tuesday, March 10th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Critical Metals presently has an average rating of “Buy”.

Critical Metals Stock Down 1.6%

The company’s fifty day moving average is $10.00 and its two-hundred day moving average is $10.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CRML. AQR Capital Management LLC bought a new stake in Critical Metals in the first quarter valued at about $69,000. Rhumbline Advisers grew its position in shares of Critical Metals by 582.5% during the 1st quarter. Rhumbline Advisers now owns 43,047 shares of the company’s stock worth $60,000 after buying an additional 36,740 shares during the period. Geode Capital Management LLC increased its stake in shares of 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 acquiring an additional 332,878 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Critical Metals by 142.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 33,039 shares of the company’s stock valued at $118,000 after acquiring an additional 19,418 shares during the last quarter. Finally, Cerity Partners LLC acquired a new stake in shares of Critical Metals in the 2nd quarter valued at approximately $226,000. 86.44% of the stock is currently owned by institutional investors.

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.