Critical Metals Sees Unusually Large Options Volume (NASDAQ:CRML)

Critical Metals Corp. (NASDAQ:CRML) was the recipient of unusually large options trading activity on Monday. Stock investors bought 46,048 call options on the stock. This represents an increase of 42% compared to the average volume of 32,478 call options.

Wall Street Analyst Weigh In

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

Institutional Trading of Critical Metals

Several hedge funds have recently made changes to their positions in the company. Alyeska Investment Group L.P. acquired a new stake in shares of Critical Metals in the 4th quarter worth $27,130,000. UBS Group AG lifted its stake in shares of Critical Metals by 610.9% in the 4th quarter. UBS Group AG now owns 2,196,037 shares of the company’s stock worth $15,240,000 after acquiring an additional 1,887,125 shares during the period. Nuveen LLC lifted its stake in shares of Critical Metals by 37.0% in the 4th quarter. Nuveen LLC now owns 713,066 shares of the company’s stock worth $4,949,000 after acquiring an additional 192,588 shares during the period. State Street Corp lifted its stake in shares of Critical Metals by 57.9% in the 4th quarter. State Street Corp now owns 696,550 shares of the company’s stock worth $4,834,000 after acquiring an additional 255,499 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Critical Metals by 38.9% in the 4th quarter. Geode Capital Management LLC now owns 634,706 shares of the company’s stock worth $4,405,000 after acquiring an additional 177,909 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Critical Metals Trading Up 6.2%

Shares of NASDAQ CRML traded up $0.77 during mid-day trading on Monday, reaching $13.21. The company had a trading volume of 17,526,514 shares, compared to its average volume of 16,667,641. Critical Metals has a 52-week low of $1.29 and a 52-week high of $32.15. The firm has a 50 day simple moving average of $9.54 and a two-hundred day simple moving average of $10.80.

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.