Critical Metals (NASDAQ:CRML) Shares Gap Up – Here’s What Happened

Critical Metals Corp. (NASDAQ:CRML)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $10.75, but opened at $11.36. Critical Metals shares last traded at $11.4470, with a volume of 3,836,470 shares trading hands.

Analyst Upgrades and Downgrades

CRML has been the subject of several research analyst reports. Freedom Capital raised Critical Metals to a “strong-buy” rating in a research note on Tuesday, March 10th. Weiss Ratings raised Critical Metals from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. Finally, Texas Capital raised Critical Metals to a “strong-buy” rating in a research note on Thursday, April 16th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Critical Metals currently has an average rating of “Buy”.

Critical Metals Stock Performance

The stock has a 50-day simple moving average of $9.98 and a two-hundred day simple moving average of $10.44.

Institutional Investors Weigh In On Critical Metals

A number of large investors have recently added to or reduced their stakes in the company. National Bank of Canada FI purchased a new position in shares of Critical Metals in the third quarter worth about $25,000. Sunbelt Securities Inc. purchased a new position in shares of Critical Metals in the fourth quarter worth about $28,000. Royal Bank of Canada increased its holdings in shares of Critical Metals by 899.0% in the fourth quarter. Royal Bank of Canada now owns 4,945 shares of the company’s stock worth $35,000 after buying an additional 4,450 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in shares of Critical Metals in the second quarter worth about $37,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Critical Metals in the third quarter worth about $38,000. Hedge funds and other institutional investors 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.