FNY Investment Advisers LLC acquired a new position in shares of Critical Metals Corp. (NASDAQ:CRML – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 295,976 shares of the company’s stock, valued at approximately $1,059,000.
Several other hedge funds have also added to or reduced their stakes in the stock. Pallas Capital Advisors LLC bought a new stake in Critical Metals in the second quarter worth about $45,000. Wealth Enhancement Advisory Services LLC bought a new stake in Critical Metals in the second quarter worth about $57,000. Next Capital Management LLC bought a new stake in Critical Metals in the first quarter worth about $28,000. Alps Advisors Inc. raised its position in Critical Metals by 139.8% in the first quarter. Alps Advisors Inc. now owns 36,799 shares of the company’s stock worth $51,000 after acquiring an additional 21,451 shares during the period. Finally, CWM LLC raised its position in Critical Metals by 456.6% in the second quarter. CWM LLC now owns 31,284 shares of the company’s stock worth $112,000 after acquiring an additional 25,663 shares during the period. Institutional investors own 86.44% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Wall Street Zen lowered shares of Critical Metals from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Critical Metals in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.
Critical Metals Price Performance
NASDAQ CRML opened at $16.27 on Wednesday. Critical Metals Corp. has a 52 week low of $1.23 and a 52 week high of $32.15. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.16. The firm’s 50-day simple moving average is $9.14 and its two-hundred day simple moving average is $4.81.
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.
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