Critical Metals (NASDAQ:CRML) Shares Up 9.4% – Time to Buy?

Critical Metals Corp. (NASDAQ:CRML)’s stock price shot up 9.4% during trading on Friday . The stock traded as high as $11.28 and last traded at $11.6360. 4,368,284 shares traded hands during trading, a decline of 73% from the average session volume of 15,923,782 shares. The stock had previously closed at $10.64.

Analyst Ratings Changes

A number of brokerages have issued reports on CRML. Texas Capital raised Critical Metals to a “strong-buy” rating in a research note on Thursday, April 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Critical Metals in a report on Monday. Finally, Freedom Capital raised Critical Metals to a “strong-buy” rating in a report on Tuesday, March 10th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Critical Metals currently has a consensus rating of “Buy”.

Critical Metals Trading Up 7.2%

The stock’s fifty day moving average is $9.23 and its two-hundred day moving average is $11.03.

Institutional Investors Weigh In On Critical Metals

Large 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. Sunbelt Securities Inc. acquired a new position in shares of Critical Metals in the 4th quarter valued at $28,000. Royal Bank of Canada increased its stake in Critical Metals by 899.0% in the 4th quarter. Royal Bank of Canada now owns 4,945 shares of the company’s stock worth $35,000 after purchasing an additional 4,450 shares in the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Critical Metals during the 3rd quarter worth about $38,000. Finally, BNP Paribas Financial Markets raised its holdings in 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. 86.44% of the stock is owned by institutional investors.

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.