Empery Asset Management LP Acquires Shares of 491,460 Critical Metals Corp. $CRML

Empery Asset Management LP acquired a new stake in Critical Metals Corp. (NASDAQ:CRML) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 491,460 shares of the company’s stock, valued at approximately $3,411,000. Critical Metals comprises 3.0% of Empery Asset Management LP’s holdings, making the stock its 8th biggest position.

Other large investors have also modified their holdings of the company. Franklin Resources Inc. purchased a new position in Critical Metals in the 4th quarter valued at $541,000. Goldman Sachs Group Inc. grew its position in Critical Metals by 16.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 121,118 shares of the company’s stock valued at $841,000 after buying an additional 16,787 shares during the last quarter. Moors & Cabot Inc. purchased a new position in Critical Metals in the 4th quarter valued at $108,000. Geode Capital Management LLC grew its position in Critical Metals by 38.9% in the 4th quarter. Geode Capital Management LLC now owns 634,706 shares of the company’s stock valued at $4,405,000 after buying an additional 177,909 shares during the last quarter. Finally, Leonteq Securities AG purchased a new position in Critical Metals in the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Texas Capital upgraded shares of Critical Metals to a “strong-buy” rating in a research report on Thursday, April 16th. Freedom Capital upgraded shares of Critical Metals to a “strong-buy” rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings upgraded shares of Critical Metals from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 19th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Critical Metals Trading Down 2.6%

NASDAQ:CRML opened at $9.17 on Thursday. The stock has a fifty day moving average price of $10.72 and a two-hundred day moving average price of $10.57. Critical Metals Corp. has a 1 year low of $1.39 and a 1 year high of $32.15.

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.