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

Critical Metals Corp. (NASDAQ:CRML) gapped up prior to trading on Thursday . The stock had previously closed at $6.80, but opened at $7.18. Critical Metals shares last traded at $7.00, with a volume of 2,690 shares.

Critical Metals Price Performance

The company’s fifty day moving average price is $6.66 and its 200 day moving average price is $8.23.

Institutional Investors Weigh In On Critical Metals

Several large investors have recently made changes to their positions in CRML. Rhumbline Advisers purchased a new position in Critical Metals in the second quarter valued at about $69,000. Barclays PLC increased its position in 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 buying an additional 7,996 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Critical Metals in the second quarter valued at $101,000. Bank of New York Mellon Corp bought a new position in shares of Critical Metals during the 2nd quarter worth $185,000. Finally, Geode Capital Management LLC increased 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. 86.44% of the stock is owned by hedge funds and other institutional investors.

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.