Critical Metals (NASDAQ:CRML) Shares Up 7.1% – Should You Buy?

Shares of Critical Metals Corp. (NASDAQ:CRML) were up 7.1% on Friday . The company traded as high as $11.00 and last traded at $10.78. Approximately 11,894,197 shares changed hands during trading, an increase of 73% from the average daily volume of 6,864,189 shares. The stock had previously closed at $10.07.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wall Street Zen lowered Critical Metals from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Critical Metals in a report on Wednesday, October 8th. One 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 Stock 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 company’s fifty day moving average is $10.66 and its 200-day moving average is $5.68.

Institutional Investors Weigh In On Critical Metals

A number of hedge funds have recently made changes to their positions in the stock. Linden Advisors LP bought a new stake in Critical Metals during the first quarter valued at about $799,000. Geode Capital Management LLC boosted its holdings in shares of Critical Metals by 272.6% in the 2nd quarter. Geode Capital Management LLC now owns 455,006 shares of the company’s stock valued at $1,629,000 after buying an additional 332,878 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Critical Metals in the 2nd quarter worth approximately $1,059,000. Shay Capital LLC bought a new position in shares of Critical Metals during the 2nd quarter worth approximately $984,000. Finally, PEAK6 LLC purchased a new stake in Critical Metals during the first quarter valued at approximately $249,000. 86.44% of the stock is currently 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.