Critical Metals (NASDAQ:CRML) Shares Down 6.9% – What’s Next?

Shares of Critical Metals Corp. (NASDAQ:CRMLGet Free Report) fell 6.9% during trading on Tuesday . The stock traded as low as $9.72 and last traded at $9.7550. 1,945,072 shares traded hands during trading, a decline of 87% from the average session volume of 14,741,489 shares. The stock had previously closed at $10.48.

Analyst Upgrades and Downgrades

Several research firms have commented on CRML. Weiss Ratings raised shares of Critical Metals from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 19th. Freedom Capital raised shares of Critical Metals to a “strong-buy” rating in a research report on Tuesday, March 10th. Finally, Texas Capital raised shares of Critical Metals to a “strong-buy” rating in a research report on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Check Out Our Latest Stock Analysis on CRML

Critical Metals Trading Down 6.0%

The company’s fifty day moving average price is $10.83 and its 200-day moving average price is $10.63.

Hedge Funds Weigh In On Critical Metals

Hedge funds have recently modified their holdings of the stock. National Bank of Canada FI acquired a new position in shares of Critical Metals during the third quarter valued at about $25,000. Sunbelt Securities Inc. acquired a new position in shares of Critical Metals during the fourth quarter valued at about $28,000. Royal Bank of Canada increased its holdings in shares of Critical Metals by 899.0% during the fourth quarter. Royal Bank of Canada now owns 4,945 shares of the company’s stock valued at $35,000 after acquiring an additional 4,450 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Critical Metals during the second quarter valued at about $37,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Critical Metals during the third quarter valued at about $38,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Critical Metals Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Critical Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Critical Metals and related companies with MarketBeat.com's FREE daily email newsletter.