Shares of Critical Metals Corp. (NASDAQ:CRML – Get Free Report) saw strong trading volume on Monday . Approximately 20,992,279 shares were traded during trading, an increase of 79% from the previous session’s volume of 11,702,332 shares.The stock last traded at $9.2050 and had previously closed at $6.73.
Wall Street Analysts Forecast Growth
CRML has been the subject of several research reports. Wall Street Zen upgraded shares of Critical Metals from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 12th. Weiss Ratings lowered shares of Critical Metals from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 21st. Cantor Fitzgerald initiated coverage on Critical Metals in a research note on Tuesday, July 14th. They issued a “speculative buy” rating and a $18.00 target price on the stock. Finally, Freedom Capital downgraded shares of Critical Metals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Critical Metals presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.
View Our Latest Analysis on CRML
Critical Metals Stock Performance
Hedge Funds Weigh In On Critical Metals
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Critical Metals in the second quarter worth approximately $29,000. State of Wyoming purchased a new position in Critical Metals during the 1st quarter valued at $51,000. Leonteq Securities AG bought a new position in Critical Metals in the 4th quarter valued at $52,000. Allworth Financial LP grew its position in Critical Metals by 53.4% in the 2nd quarter. Allworth Financial LP now owns 5,055 shares of the company’s stock valued at $52,000 after acquiring an additional 1,760 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Critical Metals in the first quarter worth $82,000. 86.44% of the stock is owned by institutional investors.
Critical Metals Company Profile
Critical Metals Corp. is a mineral development company focused on advancing projects that supply critical raw materials for the electric vehicle, battery storage, renewable energy and technology industries. The company’s principal asset is the Wolfsberg Lithium Project in Carinthia, Austria, which is intended to produce battery-grade lithium hydroxide for European markets.
The Wolfsberg project includes planned mining, processing and refining operations designed to support an integrated European lithium supply chain.
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