Critical Metals (LON:CRTM) Sets New 12-Month High – Still a Buy?

Critical Metals Plc (LON:CRTMGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 21.88 and last traded at GBX 19.60, with a volume of 2049275 shares trading hands. The stock had previously closed at GBX 16.

Critical Metals Stock Up 22.5%

The firm has a market capitalization of £19.95 million, a P/E ratio of 0.14 and a beta of 2.26. The company has a fifty day simple moving average of GBX 7.72 and a 200 day simple moving average of GBX 9.40. The company has a quick ratio of 7.85, a current ratio of 0.01 and a debt-to-equity ratio of -305.56.

About Critical Metals

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Critical Metals is focused on acquiring and developing brownfield mining opportunities in the high-value critical metals space. The Company is focused on advancing low CAPEX and OPEX near-term production opportunities in order to generate short-term cash flow and build significant value for shareholders. Testament to this, the Company is currently developing the previously producing Molulu Copper Cobalt Mine in the Democratic Republic of Congo, and is focussed on returning the mine to production, targeting 120,000t/per annum of Copper Oxide Ore.

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