Critical Metals (NASDAQ:CRML) Trading Up 9.3% – Here’s What Happened

Critical Metals Corp. (NASDAQ:CRML) rose 9.3% during trading on Monday . The stock traded as high as $11.97 and last traded at $12.05. Approximately 9,670,120 shares traded hands during trading, a decline of 65% from the average daily volume of 27,849,902 shares. The stock had previously closed at $11.02.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Critical Metals in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Critical Metals Stock Up 8.6%

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.13 and a current ratio of 0.13. The firm has a 50 day simple moving average of $11.75 and a 200-day simple moving average of $9.79.

Institutional Investors Weigh In On Critical Metals

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio raised its position in Critical Metals by 5,464.3% in the third quarter. Strs Ohio now owns 77,900 shares of the company’s stock valued at $485,000 after purchasing an additional 76,500 shares during the period. Savant Capital LLC purchased a new position in shares of Critical Metals during the second quarter worth $287,000. Canton Hathaway LLC acquired a new stake in shares of Critical Metals in the second quarter valued at $308,000. CWM LLC raised its holdings in shares of Critical Metals by 456.6% in the 2nd quarter. CWM LLC now owns 31,284 shares of the company’s stock valued at $112,000 after buying an additional 25,663 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Critical Metals in the 2nd quarter valued at $33,000. 86.44% of the stock is owned by hedge funds and other 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.