Critical Metals (NASDAQ:CRML) Stock Price Down 8.2% – Time to Sell?

Critical Metals Corp. (NASDAQ:CRML) was down 8.2% on Wednesday . The company traded as low as $8.25 and last traded at $8.0350. 2,073,710 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 13,670,715 shares. The stock had previously closed at $8.75.

Analyst Ratings Changes

CRML has been the topic of several recent analyst reports. Weiss Ratings raised Critical Metals from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, May 19th. Texas Capital upgraded shares of Critical Metals to a “strong-buy” rating in a research report on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy”.

Critical Metals Trading Down 5.8%

The business’s fifty day moving average price is $10.66 and its 200-day moving average price is $10.77.

Institutional Investors Weigh In On Critical Metals

Several hedge funds have recently added to or reduced their stakes in CRML. Bank of America Corp DE boosted its holdings in shares of Critical Metals by 327.5% in the 1st quarter. Bank of America Corp DE now owns 229,907 shares of the company’s stock worth $1,825,000 after purchasing an additional 176,123 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Critical Metals by 121.4% during the 1st quarter. Royal Bank of Canada now owns 10,947 shares of the company’s stock valued at $87,000 after buying an additional 6,002 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Critical Metals by 14.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 14,630 shares of the company’s stock worth $116,000 after buying an additional 1,829 shares during the last quarter. Quantinno Capital Management LP bought a new stake in Critical Metals in the 1st quarter worth approximately $434,000. Finally, State of Wyoming purchased a new stake in Critical Metals in the first quarter worth approximately $51,000. 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.