Critical Metals (NASDAQ:CRML) Trading Up 5.2% – Here’s Why

Critical Metals Corp. (NASDAQ:CRML) shot up 5.2% on Monday . The stock traded as high as $9.58 and last traded at $9.53. 2,469,355 shares traded hands during trading, a decline of 89% from the average session volume of 22,605,164 shares. The stock had previously closed at $9.06.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Critical Metals in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Critical Metals Price Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.13 and a current ratio of 0.13. The firm has a fifty day simple moving average of $11.98 and a two-hundred day simple moving average of $10.25.

Institutional Trading of Critical Metals

Large investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new position in shares of Critical Metals in the 4th quarter valued at about $369,000. Sunbelt Securities Inc. purchased a new stake in Critical Metals during the fourth quarter valued at approximately $28,000. Invesco Ltd. bought a new stake in shares of Critical Metals in the 4th quarter valued at approximately $129,000. XTX Topco Ltd boosted its holdings in shares of Critical Metals by 19.5% in the 4th quarter. XTX Topco Ltd now owns 102,022 shares of the company’s stock worth $708,000 after purchasing an additional 16,642 shares during the period. Finally, SummitTX Capital L.P. boosted its holdings in shares of Critical Metals by 193.1% in the 4th quarter. SummitTX Capital L.P. now owns 38,957 shares of the company’s stock worth $270,000 after purchasing an additional 25,665 shares during the period. 86.44% of the stock is currently owned by institutional investors.

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.