Critical Metals (NASDAQ:CRML) Trading Down 4.7% – Here’s What Happened

Critical Metals Corp. (NASDAQ:CRML) shares fell 4.7% during mid-day trading on Thursday . The company traded as low as $9.97 and last traded at $10.07. 11,445,767 shares were traded during mid-day trading, an increase of 67% from the average session volume of 6,839,313 shares. The stock had previously closed at $10.57.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CRML. Wall Street Zen downgraded Critical Metals from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Critical Metals in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Critical Metals Price Performance

The company has a 50-day simple moving average of $10.59 and a 200-day simple moving average of $5.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.13 and a quick ratio of 0.13.

Institutional Trading of Critical Metals

A number of large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. lifted its position in Critical Metals by 1,263.8% during the third quarter. SBI Securities Co. Ltd. now owns 7,419 shares of the company’s stock worth $46,000 after buying an additional 6,875 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Critical Metals in the 2nd quarter worth about $33,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Critical Metals in the 2nd quarter worth about $37,000. Pallas Capital Advisors LLC purchased a new stake in shares of Critical Metals during the 2nd quarter valued at about $45,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Critical Metals by 121.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,258 shares of the company’s stock valued at $47,000 after buying an additional 7,280 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

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.