Critical Metals Corp. (NASDAQ:CRML – Get Free Report) CFO Sergey Savchenko sold 66,667 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $6.81, for a total transaction of $454,002.27. Following the completion of the transaction, the chief financial officer owned 93,333 shares of the company’s stock, valued at $635,597.73. This trade represents a 41.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Critical Metals Stock Performance
Shares of NASDAQ:CRML traded up $0.14 during midday trading on Wednesday, reaching $6.39. The company had a trading volume of 5,747,060 shares, compared to its average volume of 6,096,931. The stock’s fifty day moving average price is $7.12 and its 200-day moving average price is $9.16. Critical Metals Corp. has a one year low of $5.11 and a one year high of $21.86. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.04.
Analysts Set New Price Targets
Several research firms have recently issued reports on CRML. Freedom Capital cut shares of Critical Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded shares of Critical Metals from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 28th. Wall Street Zen cut Critical Metals from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 3rd. Cantor Fitzgerald assumed coverage on Critical Metals in a research report on Tuesday, July 14th. They set a “speculative buy” rating and a $18.00 price objective for the company. Finally, UBS Group set a $20.00 target price on Critical Metals in a research note on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Critical Metals has an average rating of “Moderate Buy” and a consensus target price of $19.00.
Read Our Latest Report on CRML
Hedge Funds Weigh In On Critical Metals
Institutional investors and hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. boosted its stake in Critical Metals by 49.5% during the third quarter. Alps Advisors Inc. now owns 594,268 shares of the company’s stock worth $4,314,000 after buying an additional 196,731 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Critical Metals by 327.5% in the 1st quarter. Bank of America Corp DE now owns 229,907 shares of the company’s stock valued at $1,825,000 after buying an additional 176,123 shares during the period. Corient Private Wealth LP increased its position in shares of Critical Metals by 153.9% during the second quarter. Corient Private Wealth LP now owns 136,618 shares of the company’s stock worth $1,400,000 after acquiring an additional 82,815 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Critical Metals by 31.1% in the first quarter. Bank of New York Mellon Corp now owns 123,904 shares of the company’s stock valued at $984,000 after purchasing an additional 29,427 shares during the last quarter. Finally, Verity Asset Management Inc. acquired a new position in Critical Metals during the third quarter worth approximately $559,000. Institutional investors own 86.44% of the company’s stock.
About Critical Metals
Critical Metals Corp. is a mineral development company focused on advancing projects that supply critical raw materials for the energy transition and other high-technology applications. Its principal asset is the Wolfsberg Lithium Project in Carinthia, Austria, which is designed to produce lithium hydroxide for use in electric-vehicle batteries and other battery applications.
The Wolfsberg project includes plans for an integrated operation combining underground mining, mineral processing and downstream lithium conversion.
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