Critical Metals (NASDAQ:CRML) Shares Gap Up – Should You Buy?

Critical Metals Corp. (NASDAQ:CRML)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $14.98, but opened at $16.36. Critical Metals shares last traded at $14.0510, with a volume of 10,262,083 shares changing hands.

Wall Street Analyst Weigh In

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

Critical Metals Price Performance

The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.16. The company has a fifty day simple moving average of $9.08 and a 200-day simple moving average of $8.18.

Hedge Funds Weigh In On Critical Metals

Several institutional investors have recently bought and sold shares of CRML. AQR Capital Management LLC purchased a new stake in Critical Metals in the 1st quarter worth $69,000. Rhumbline Advisers increased its holdings in shares of Critical Metals by 582.5% in the first quarter. Rhumbline Advisers now owns 43,047 shares of the company’s stock worth $60,000 after purchasing an additional 36,740 shares during the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of Critical Metals in the second quarter worth about $45,000. Wealth Enhancement Advisory Services LLC bought a new position in Critical Metals during the second quarter valued at approximately $57,000. Finally, Abacus Wealth Partners LLC purchased a new position in Critical Metals during the 2nd quarter valued at approximately $179,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

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.