Critical Metals Target of Unusually High Options Trading (NASDAQ:CRML)

Critical Metals Corp. (NASDAQ:CRML) saw unusually large options trading activity on Tuesday. Traders bought 32,048 call options on the stock. This represents an increase of approximately 42% compared to the average daily volume of 22,560 call options.

Institutional Investors Weigh In On Critical Metals

Hedge funds and other institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI acquired a new position in Critical Metals in the third quarter valued at $25,000. Sunbelt Securities Inc. acquired a new stake in shares of Critical Metals during the fourth quarter worth about $28,000. Royal Bank of Canada lifted its holdings in shares of Critical Metals by 899.0% in the 4th quarter. Royal Bank of Canada now owns 4,945 shares of the company’s stock valued at $35,000 after purchasing an additional 4,450 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Critical Metals in the 2nd quarter valued at about $37,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Critical Metals by 95.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,401 shares of the company’s stock valued at $40,000 after purchasing an additional 3,134 shares during the period. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Critical Metals Price Performance

CRML stock opened at $8.10 on Wednesday. Critical Metals has a twelve month low of $5.11 and a twelve month high of $32.15. The company’s 50 day moving average is $7.60 and its two-hundred day moving average is $9.25.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Critical Metals from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 21st. Cantor Fitzgerald assumed coverage on shares of Critical Metals in a research report on Tuesday, July 14th. They set a “speculative buy” rating and a $18.00 price objective for the company. Finally, Freedom Capital downgraded shares of Critical Metals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Critical Metals presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

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.