Critical Metals Corp. (NASDAQ:CRML – Get Free Report) dropped 6.3% on Friday . The company traded as low as $7.77 and last traded at $7.8810. Approximately 3,074,817 shares changed hands during trading, a decline of 82% from the average daily volume of 17,375,520 shares. The stock had previously closed at $8.41.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on CRML. Weiss Ratings restated a “sell (e+)” rating on shares of Critical Metals in a research report on Wednesday, January 21st. Freedom Capital raised Critical Metals to a “strong-buy” rating in a research note on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Critical Metals currently has an average rating of “Moderate Buy”.
Read Our Latest Stock Analysis on Critical Metals
Critical Metals Stock Performance
Institutional Investors Weigh In On Critical Metals
Institutional investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI acquired a new position in Critical Metals in the 3rd quarter worth $25,000. Sunbelt Securities Inc. acquired a new stake in shares of Critical Metals in the 4th quarter valued at about $28,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Critical Metals in the second quarter valued at about $33,000. Royal Bank of Canada boosted its position in shares of Critical Metals by 899.0% during the fourth quarter. Royal Bank of Canada now owns 4,945 shares of the company’s stock worth $35,000 after buying an additional 4,450 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Critical Metals during the second quarter worth about $37,000. 86.44% of the stock is owned by institutional investors.
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.
Further Reading
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