Critical Metals (LON:CRTM) Shares Up 14.3% – Here’s What Happened

Critical Metals Plc (LON:CRTM)’s share price rose 14.3% during trading on Wednesday . The company traded as high as GBX 16 and last traded at GBX 16. 1,228,296 shares changed hands during trading, an increase of 742% from the average session volume of 145,887 shares. The stock had previously closed at GBX 14.

Critical Metals Stock Up 14.3%

The business has a fifty day moving average of GBX 7.57 and a 200 day moving average of GBX 9.37. The firm has a market cap of £16.28 million, a P/E ratio of 0.12 and a beta of 2.26. The company has a quick ratio of 7.85, a current ratio of 0.01 and a debt-to-equity ratio of -305.56.

Critical Metals Company Profile

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.