Critical Metals (NASDAQ:CRML) Trading 4.7% Higher – Here’s What Happened

Critical Metals Corp. (NASDAQ:CRML) traded up 4.7% during trading on Friday . The stock traded as high as $22.33 and last traded at $20.33. 18,047,322 shares changed hands during trading, an increase of 195% from the average session volume of 6,122,564 shares. The stock had previously closed at $19.42.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wall Street Zen downgraded Critical Metals from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Critical Metals in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Critical Metals Stock Performance

The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $8.62 and a 200-day moving average of $4.58.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CRML. Next Capital Management LLC purchased a new position in Critical Metals in the first quarter worth $28,000. Police & Firemen s Retirement System of New Jersey purchased a new position in Critical Metals in the second quarter worth $33,000. B. Riley Wealth Advisors Inc. purchased a new position in Critical Metals in the second quarter worth $37,000. Pallas Capital Advisors LLC purchased a new position in Critical Metals in the second quarter worth $45,000. Finally, Tower Research Capital LLC TRC boosted its position in Critical Metals by 121.8% in the second quarter. Tower Research Capital LLC TRC now owns 13,258 shares of the company’s stock worth $47,000 after purchasing an additional 7,280 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

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.