Critical Metals (NASDAQ:CRML) Stock Price Down 8.9% – Should You Sell?

Critical Metals Corp. (NASDAQ:CRML) dropped 8.9% during mid-day trading on Monday . The stock traded as low as $8.71 and last traded at $8.3650. Approximately 915,595 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 6,831,686 shares. The stock had previously closed at $9.18.

Wall Street Analyst Weigh In

Several brokerages have commented on CRML. Weiss Ratings reissued a “sell (e+)” rating on shares of Critical Metals in a report 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 investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Critical Metals Price 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 firm’s 50-day simple moving average is $11.82 and its 200-day simple moving average is $7.04.

Institutional Investors Weigh In On Critical Metals

Several hedge funds have recently added to or reduced their stakes in CRML. Savant Capital LLC bought a new stake in shares of Critical Metals in the 2nd quarter worth approximately $287,000. Canton Hathaway LLC purchased a new position in Critical Metals in the 2nd quarter worth $308,000. CWM LLC raised its position in Critical Metals by 456.6% in the 2nd quarter. CWM LLC now owns 31,284 shares of the company’s stock worth $112,000 after purchasing an additional 25,663 shares during the period. Abacus Wealth Partners LLC bought a new stake in Critical Metals in the second quarter worth $179,000. Finally, Fifth Third Bancorp purchased a new stake in Critical Metals during the second quarter valued at about $358,000. 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.