Critical Metals (NASDAQ:CRML) Shares Gap Up – Time to Buy?

Critical Metals Corp. (NASDAQ:CRML)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $7.85, but opened at $8.41. Critical Metals shares last traded at $8.04, with a volume of 18,660 shares changing hands.

Critical Metals Trading Up 1.7 %

The business has a fifty day simple moving average of $6.82 and a two-hundred day simple moving average of $7.78.

Institutional Investors Weigh In On Critical Metals

Hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its position in Critical Metals by 322.8% during the third quarter. Barclays PLC now owns 10,473 shares of the company’s stock valued at $77,000 after buying an additional 7,996 shares during the period. Geode Capital Management LLC increased its stake in shares of 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 in the last quarter. Bank of New York Mellon Corp purchased a new position in Critical Metals during the 2nd quarter valued at about $185,000. Rhumbline Advisers bought a new stake in Critical Metals during the second quarter worth about $69,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Critical Metals in the second quarter worth about $101,000. 86.44% of the stock is currently owned by 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.