Critical Metals (NASDAQ:CRML) Trading 8.1% Higher – Time to Buy?

Critical Metals Corp. (NASDAQ:CRML) shot up 8.1% during mid-day trading on Wednesday . The stock traded as high as $10.23 and last traded at $10.3350. Approximately 976,267 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 14,638,548 shares. The stock had previously closed at $9.56.

Analyst Upgrades and Downgrades

CRML has been the subject of a number of recent research reports. Texas Capital raised shares of Critical Metals to a “strong-buy” rating in a research note on Thursday, April 16th. 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. Finally, Freedom Capital upgraded Critical Metals to a “strong-buy” rating in a research report on Tuesday, March 10th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Buy”.

Critical Metals Stock Performance

The business has a 50 day moving average of $10.94 and a 200-day moving average of $10.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CRML. Alyeska Investment Group L.P. bought a new position in shares of Critical Metals during the fourth quarter worth about $27,130,000. UBS Group AG grew its stake in shares of Critical Metals by 610.9% during the 4th quarter. UBS Group AG now owns 2,196,037 shares of the company’s stock worth $15,240,000 after acquiring an additional 1,887,125 shares in the last quarter. Bridgewater Associates LP bought a new stake in shares of Critical Metals in the fourth quarter worth $4,237,000. Empery Asset Management LP bought a new stake in shares of Critical Metals in the fourth quarter worth $3,411,000. Finally, Geode Capital Management LLC boosted its holdings in Critical Metals by 272.6% during the second quarter. Geode Capital Management LLC now owns 455,006 shares of the company’s stock worth $1,629,000 after purchasing an additional 332,878 shares during the last quarter. 86.44% of the stock is 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.