Critical Metals (NASDAQ:CRML) Trading 9.1% Higher – Here’s What Happened

Critical Metals Corp. (NASDAQ:CRMLGet Free Report) shares traded up 9.1% during trading on Wednesday . The stock traded as high as $10.63 and last traded at $10.6910. 4,089,648 shares traded hands during mid-day 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

Several analysts have recently commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Critical Metals in a research note on Monday, April 20th. Freedom Capital upgraded Critical Metals to a “strong-buy” rating in a research note on Tuesday, March 10th. Finally, Texas Capital upgraded Critical Metals to a “strong-buy” rating in a research note on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

Check Out Our Latest Stock Analysis on Critical Metals

Critical Metals Stock Performance

The business has a 50 day simple moving average of $9.94 and a 200-day simple moving average of $10.46.

Hedge Funds Weigh In On Critical Metals

Hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI acquired a new position in Critical Metals during the 3rd quarter valued at about $25,000. Sunbelt Securities Inc. acquired a new position in Critical Metals during the 4th quarter valued at about $28,000. Royal Bank of Canada boosted its stake in Critical Metals by 899.0% during 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. acquired a new position in Critical Metals during the 2nd quarter valued at about $37,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Critical Metals during the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

About Critical Metals

(Get Free Report)

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.

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