Critical Metals (NASDAQ:CRML) Trading Down 8.2% – Should You Sell?

Critical Metals Corp. (NASDAQ:CRML) shares were down 8.2% during trading on Wednesday . The stock traded as low as $8.25 and last traded at $8.0350. Approximately 2,073,710 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 13,670,715 shares. The stock had previously closed at $8.75.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CRML. Freedom Capital raised shares of Critical Metals to a “strong-buy” rating in a research report on Tuesday, March 10th. Weiss Ratings raised shares of Critical Metals from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 19th. Finally, Texas Capital raised shares of Critical Metals to a “strong-buy” rating in a report 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. Based on data from MarketBeat, Critical Metals presently has a consensus rating of “Buy”.

Critical Metals Trading Down 3.1%

The business’s fifty day simple moving average is $10.85 and its 200-day simple moving average is $10.75.

Institutional Trading of Critical Metals

Institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in shares of Critical Metals by 14.3% in the first quarter. The Manufacturers Life Insurance Company now owns 14,630 shares of the company’s stock worth $116,000 after buying an additional 1,829 shares in the last quarter. Signaturefd LLC boosted its stake in Critical Metals by 44.7% in the fourth quarter. Signaturefd LLC now owns 8,662 shares of the company’s stock worth $60,000 after buying an additional 2,676 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of 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 purchasing an additional 3,134 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Critical Metals by 21.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 18,301 shares of the company’s stock valued at $127,000 after buying an additional 3,266 shares during the last quarter. Finally, National Bank of Canada FI bought a new position in Critical Metals during the 3rd quarter worth approximately $25,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

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.