Critical Metals (NASDAQ:CRML) Shares Down 8.8% – Should You Sell?

Critical Metals Corp. (NASDAQ:CRML)’s stock price fell 8.8% on Monday . The stock traded as low as $7.98 and last traded at $8.30. 7,110,258 shares were traded during trading, an increase of 3% from the average session volume of 6,879,455 shares. The stock had previously closed at $9.10.

Analyst Upgrades and Downgrades

CRML has been the topic of several analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Critical Metals in a report on Wednesday, October 8th. Wall Street Zen downgraded Critical Metals from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Critical Metals currently has a consensus rating of “Sell”.

Critical Metals Trading Down 8.8%

The company’s 50 day simple moving average is $11.16 and its two-hundred day simple moving average is $6.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.13 and a current ratio of 0.13.

Institutional Trading of Critical Metals

Hedge funds and other institutional investors have recently modified their holdings of the stock. National Bank of Canada FI acquired a new stake in shares of Critical Metals during the third quarter worth $25,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Critical Metals during the third quarter worth about $38,000. BNP Paribas Financial Markets grew its position 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 worth $40,000 after buying an additional 3,134 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of Critical Metals by 1,263.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 7,419 shares of the company’s stock valued at $46,000 after acquiring an additional 6,875 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Critical Metals in the 2nd quarter valued at about $33,000. Institutional investors and hedge funds 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.