Critical Metals (NASDAQ:CRML) Shares Down 2.7% – Time to Sell?

Critical Metals Corp. (NASDAQ:CRML)’s share price fell 2.7% during trading on Wednesday . The company traded as low as $8.02 and last traded at $8.05. 5,279,959 shares were traded during mid-day trading, a decline of 23% from the average session volume of 6,862,066 shares. The stock had previously closed at $8.27.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Critical Metals in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Critical Metals from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Critical Metals presently has an average rating of “Sell”.

Critical Metals Stock Performance

The company’s 50-day moving average is $11.21 and its two-hundred day moving average is $6.17. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.13 and a quick ratio of 0.13.

Hedge Funds Weigh In On Critical Metals

Hedge funds and other institutional investors have recently made changes to their positions in the business. Linden Advisors LP acquired a new stake in Critical Metals in the 1st quarter valued at approximately $799,000. Geode Capital Management LLC boosted its position in Critical Metals by 272.6% during the 2nd quarter. Geode Capital Management LLC now owns 455,006 shares of the company’s stock worth $1,629,000 after acquiring an additional 332,878 shares during the period. Creative Planning bought a new position in shares of Critical Metals in the third quarter worth $1,952,000. FNY Investment Advisers LLC acquired a new position in shares of Critical Metals during the second quarter valued at $1,059,000. Finally, Vanguard Group Inc. raised its stake in shares of Critical Metals by 40.0% during the third quarter. Vanguard Group Inc. now owns 291,104 shares of the company’s stock valued at $1,811,000 after purchasing an additional 83,225 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

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.