Critical Metals (NASDAQ:CRML) Shares Gap Up – Time to Buy?

Critical Metals Corp. (NASDAQ:CRML)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $17.65, but opened at $18.90. Critical Metals shares last traded at $17.0820, with a volume of 13,217,204 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CRML shares. Wall Street Zen downgraded Critical Metals from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Critical Metals in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Critical Metals Stock Up 20.9%

The stock has a 50-day moving average price of $10.11 and a two-hundred day moving average price of $8.79. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.13 and a quick ratio of 0.13.

Institutional Investors Weigh In On Critical Metals

A number of large investors have recently modified their holdings of CRML. AQR Capital Management LLC purchased a new position in shares of Critical Metals in the 1st quarter valued at approximately $69,000. Rhumbline Advisers increased its stake in Critical Metals by 582.5% during the 1st quarter. Rhumbline Advisers now owns 43,047 shares of the company’s stock valued at $60,000 after purchasing an additional 36,740 shares in the last quarter. Pallas Capital Advisors LLC purchased a new position in shares of Critical Metals in the second quarter worth $45,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Critical Metals in the second quarter worth $57,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Critical Metals during the second quarter worth $358,000. Hedge funds and other 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.