Critical Metals (NASDAQ:CRML) Trading Down 2.7% – Here’s Why

Shares of Critical Metals Corp. (NASDAQ:CRML) dropped 2.7% during trading on Wednesday . The company traded as low as $8.02 and last traded at $8.05. Approximately 5,279,959 shares traded hands during trading, a decline of 23% from the average daily volume of 6,862,066 shares. The stock had previously closed at $8.27.

Analyst Ratings Changes

CRML has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Critical Metals in a research note on Wednesday, October 8th. Wall Street Zen downgraded Critical Metals from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Critical Metals Stock Performance

The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average price is $11.21 and its 200-day moving average price is $6.17.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. National Bank of Canada FI acquired a new stake in shares of Critical Metals during the 3rd quarter valued at $25,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Critical Metals during the 3rd quarter worth about $38,000. BNP Paribas Financial Markets raised its holdings in shares of Critical Metals by 95.9% during the third quarter. BNP Paribas Financial Markets now owns 6,401 shares of the company’s stock valued at $40,000 after acquiring an additional 3,134 shares during the period. SBI Securities Co. Ltd. boosted its stake in Critical Metals by 1,263.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 7,419 shares of the company’s stock worth $46,000 after purchasing an additional 6,875 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey purchased a new position in Critical Metals during the 2nd quarter worth approximately $33,000. Institutional investors own 86.44% of the company’s stock.

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.