Investors Purchase High Volume of Call Options on Critical Metals (NASDAQ:CRML)

Critical Metals Corp. (NASDAQ:CRML) was the target of unusually large options trading activity on Wednesday. Stock investors bought 34,903 call options on the stock. This represents an increase of 83% compared to the typical volume of 19,110 call options.

Critical Metals Trading Up 11.5%

Shares of NASDAQ:CRML traded up $1.36 during midday trading on Wednesday, reaching $13.17. The company’s stock had a trading volume of 34,656,918 shares, compared to its average volume of 21,752,096. 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 firm has a 50 day moving average of $8.86 and a 200-day moving average of $7.79. Critical Metals has a 12-month low of $1.23 and a 12-month high of $32.15.

Institutional Trading of Critical Metals

Hedge funds have recently made changes to their positions in the stock. Next Level Private LLC bought a new position in Critical Metals during the 4th quarter valued at approximately $374,000. Avior Wealth Management LLC purchased a new stake in shares of Critical Metals in the fourth quarter worth $187,000. XTX Topco Ltd purchased a new stake in shares of Critical Metals in the third quarter worth $531,000. National Bank of Canada FI bought a new position in shares of Critical Metals during the third quarter valued at $25,000. Finally, Millennium Management LLC bought a new position in shares of Critical Metals during the third quarter valued at $1,470,000. 86.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Critical Metals from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Critical Metals in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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.