Critical Metals (NASDAQ:CRML) Trading Down 5.1% – Here’s What Happened

Critical Metals Corp. (NASDAQ:CRMLGet Free Report)’s stock price fell 5.1% on Friday . The company traded as low as $7.59 and last traded at $7.63. Approximately 2,242,175 shares traded hands during trading, a decline of 82% from the average session volume of 12,174,741 shares. The stock had previously closed at $8.04.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Cantor Fitzgerald began coverage on shares of Critical Metals in a research report on Tuesday, July 14th. They issued a “speculative buy” rating and a $18.00 price target for the company. Weiss Ratings downgraded shares of Critical Metals from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 21st. Finally, Freedom Capital lowered shares of Critical Metals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.00.

View Our Latest Stock Report on Critical Metals

Critical Metals Price Performance

The stock’s 50-day simple moving average is $7.52 and its 200-day simple moving average is $9.21.

Institutional Trading of Critical Metals

Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in Critical Metals by 14.3% during the first quarter. The Manufacturers Life Insurance Company now owns 14,630 shares of the company’s stock worth $116,000 after acquiring an additional 1,829 shares during the period. BNP Paribas Financial Markets grew its stake in Critical Metals by 95.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,401 shares of the company’s stock valued at $40,000 after purchasing an additional 3,134 shares during the period. National Bank of Canada FI bought a new position in Critical Metals in the 3rd quarter valued at $25,000. Sunbelt Securities Inc. purchased a new stake in shares of Critical Metals during the 4th quarter valued at $28,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Critical Metals by 25.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,399 shares of the company’s stock valued at $142,000 after purchasing an additional 4,139 shares during the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

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

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