Critical Metals (NASDAQ:CRML) Stock Price Up 10.4% – Here’s What Happened

Critical Metals Corp. (NASDAQ:CRML) shot up 10.4% during mid-day trading on Tuesday . The company traded as high as $14.35 and last traded at $13.90. 4,579,749 shares traded hands during trading, a decline of 84% from the average session volume of 29,002,582 shares. The stock had previously closed at $12.59.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CRML shares. Wall Street Zen cut Critical Metals from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Critical Metals in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Critical Metals Stock Up 12.0%

The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $11.28 and its 200-day moving average is $9.50.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in shares of Critical Metals by 44.7% in the fourth quarter. Signaturefd LLC now owns 8,662 shares of the company’s stock valued at $60,000 after buying an additional 2,676 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Critical Metals by 95.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,401 shares of the company’s stock valued at $40,000 after acquiring an additional 3,134 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Critical Metals by 21.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,301 shares of the company’s stock worth $127,000 after acquiring an additional 3,266 shares during the period. National Bank of Canada FI purchased a new position in shares of Critical Metals in the 3rd quarter valued at approximately $25,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Critical Metals in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

About Critical Metals

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.