Critical Metals (NASDAQ:CRML) Stock Price Down 5.1% – Here’s Why

Shares of Critical Metals Corp. (NASDAQ:CRML) were down 5.1% during mid-day trading on Thursday . The stock traded as low as $7.19 and last traded at $7.18. Approximately 87,981 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 132,005 shares. The stock had previously closed at $7.56.

Critical Metals Trading Down 3.0 %

The company has a 50 day simple moving average of $6.95 and a 200 day simple moving average of $7.72.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of Critical Metals by 111.2% in the third quarter. JPMorgan Chase & Co. now owns 12,044 shares of the company’s stock valued at $90,000 after buying an additional 6,341 shares during the last quarter. Barclays PLC raised its holdings in Critical Metals by 322.8% in the 3rd quarter. Barclays PLC now owns 10,473 shares of the company’s stock valued at $77,000 after acquiring an additional 7,996 shares during the last quarter. Geode Capital Management LLC lifted its stake in 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 purchasing an additional 4,583 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Critical Metals during the 2nd quarter worth approximately $101,000. Finally, Rhumbline Advisers purchased a new stake in shares of Critical Metals in the second quarter valued at approximately $69,000. 86.44% of the stock is owned by institutional investors and hedge funds.

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.