Critical Metals (NASDAQ:CRML) Shares Up 6.3% – Still a Buy?

Critical Metals Corp. (NASDAQ:CRML) shares shot up 6.3% during mid-day trading on Monday . The stock traded as high as $6.59 and last traded at $6.59. 1,711 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 28,426 shares. The stock had previously closed at $6.20.

Critical Metals Price Performance

The stock’s 50 day moving average is $6.64 and its 200-day moving average is $8.68.

Institutional Investors Weigh In On Critical Metals

A number of institutional investors have recently made changes to their positions in CRML. Geode Capital Management LLC raised its holdings in Critical Metals by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 104,338 shares of the company’s stock worth $776,000 after acquiring an additional 4,583 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Critical Metals in the 2nd quarter worth $185,000. Barclays PLC raised its stake in shares of Critical Metals by 322.8% in the third quarter. Barclays PLC now owns 10,473 shares of the company’s stock worth $77,000 after purchasing an additional 7,996 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Critical Metals during the second quarter valued at $101,000. Finally, Rhumbline Advisers purchased a new stake in shares of Critical Metals during the second quarter valued at $69,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

About Critical Metals

Sizzle Acquisition Corp. is a blank check company. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or related business combination with one or more businesses. Sizzle Acquisition Corp. is based in Washington, the District of Columbia.