Critical Metals (NASDAQ:CRML) Trading Up 5.2% – Still a Buy?

Critical Metals Corp. (NASDAQ:CRML)’s share price was up 5.2% during trading on Monday . The company traded as high as $9.58 and last traded at $9.53. Approximately 2,469,355 shares were traded during trading, a decline of 89% from the average daily volume of 22,605,164 shares. The stock had previously closed at $9.06.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Critical Metals in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average 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 company has a 50 day simple moving average of $11.81 and a 200 day simple moving average of $10.16.

Hedge Funds Weigh In On Critical Metals

Several large investors have recently modified their holdings of CRML. Virtu Financial LLC bought a new position in Critical Metals during the fourth quarter worth $369,000. Sunbelt Securities Inc. bought a new stake in Critical Metals during the fourth quarter valued at $28,000. Invesco Ltd. acquired a new stake in Critical Metals during the 4th quarter worth about $129,000. XTX Topco Ltd raised its position in shares of Critical Metals by 19.5% in the 4th quarter. XTX Topco Ltd now owns 102,022 shares of the company’s stock worth $708,000 after acquiring an additional 16,642 shares in the last quarter. Finally, SummitTX Capital L.P. raised its position in shares of Critical Metals by 193.1% in the 4th quarter. SummitTX Capital L.P. now owns 38,957 shares of the company’s stock worth $270,000 after acquiring an additional 25,665 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

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.