Critical Metals (NASDAQ:CRML) CFO Sergey Savchenko Sells 66,667 Shares of Company Stock

Critical Metals Corp. (NASDAQ:CRML) CFO Sergey Savchenko sold 66,667 shares of Critical Metals stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $6.81, for a total transaction of $454,002.27. Following the completion of the sale, the chief financial officer owned 93,333 shares of the company’s stock, valued at approximately $635,597.73. This trade represents a 41.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Critical Metals Stock Up 2.2%

CRML opened at $6.39 on Thursday. Critical Metals Corp. has a 12-month low of $5.11 and a 12-month high of $21.86. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average price is $7.12 and its 200 day moving average price is $9.16.

Hedge Funds Weigh In On Critical Metals

Several large investors have recently added to or reduced their stakes in the company. Allworth Financial LP increased its stake in Critical Metals by 53.4% during the second quarter. Allworth Financial LP now owns 5,055 shares of the company’s stock valued at $52,000 after purchasing an additional 1,760 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Critical Metals by 14.3% during the first quarter. The Manufacturers Life Insurance Company now owns 14,630 shares of the company’s stock worth $116,000 after purchasing an additional 1,829 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Critical Metals during the second quarter worth $29,000. Signaturefd LLC lifted its position in shares of Critical Metals by 32.9% in the 3rd quarter. Signaturefd LLC now owns 11,847 shares of the company’s stock worth $86,000 after buying an additional 2,933 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Critical Metals by 10.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 55,253 shares of the company’s stock worth $383,000 after buying an additional 5,253 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Freedom Capital lowered shares of Critical Metals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. UBS Group set a $20.00 price target on shares of Critical Metals in a research report on Monday, October 5th. Wall Street Zen downgraded Critical Metals from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 3rd. Cantor Fitzgerald assumed coverage on Critical Metals in a report on Tuesday, July 14th. They issued a “speculative buy” rating and a $18.00 price objective for the company. Finally, Weiss Ratings upgraded Critical Metals from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $19.00.

About Critical Metals

Critical Metals Corp. is a mineral development company focused on advancing projects that supply critical raw materials for the energy transition and other high-technology applications. Its principal asset is the Wolfsberg Lithium Project in Carinthia, Austria, which is designed to produce lithium hydroxide for use in electric-vehicle batteries and other battery applications.

The Wolfsberg project includes plans for an integrated operation combining underground mining, mineral processing and downstream lithium conversion.