Critical Metals (NASDAQ:CRML) Stock: Insider Sergey Savchenko Sells 66,667 Shares

Critical Metals Corp. (NASDAQ:CRML) CFO Sergey Savchenko sold 66,667 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $6.81, for a total transaction of $454,002.27. Following the completion of the sale, the chief financial officer directly owned 93,333 shares in the company, valued at approximately $635,597.73. This represents a 41.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Critical Metals Trading Down 12.2%

Critical Metals stock opened at $5.59 on Friday. The firm has a 50-day moving average price of $7.07 and a 200-day moving average price of $9.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.87 and a current ratio of 0.87. Critical Metals Corp. has a 12-month low of $5.11 and a 12-month high of $21.86.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CRML shares. Freedom Capital lowered shares of Critical Metals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Cantor Fitzgerald initiated coverage on Critical Metals in a research report on Tuesday, July 14th. They set a “speculative buy” rating and a $18.00 target price for the company. Weiss Ratings raised Critical Metals from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 28th. Wall Street Zen cut Critical Metals from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 3rd. Finally, UBS Group set a $20.00 price target on Critical Metals in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Institutional Trading of Critical Metals

Institutional investors and hedge funds have recently made changes to their positions in the business. Alps Advisors Inc. lifted its holdings in Critical Metals by 49.5% during the 3rd quarter. Alps Advisors Inc. now owns 594,268 shares of the company’s stock valued at $4,314,000 after buying an additional 196,731 shares in the last quarter. Bank of America Corp DE boosted its position in Critical Metals by 327.5% in the 1st quarter. Bank of America Corp DE now owns 229,907 shares of the company’s stock valued at $1,825,000 after buying an additional 176,123 shares during the period. Corient Private Wealth LP grew its stake in Critical Metals by 153.9% in the 2nd quarter. Corient Private Wealth LP now owns 136,618 shares of the company’s stock worth $1,400,000 after acquiring an additional 82,815 shares in the last quarter. Verity Asset Management Inc. bought a new position in Critical Metals in the 3rd quarter worth about $559,000. Finally, Quantinno Capital Management LP bought a new position in Critical Metals in the 1st quarter worth about $434,000. 86.44% of the stock is currently owned by institutional investors.

About Critical Metals

Critical Metals Corp. is a mineral development company focused on advancing projects that supply critical raw materials for the energy transition and other high-technology applications. Its principal asset is the Wolfsberg Lithium Project in Carinthia, Austria, which is designed to produce lithium hydroxide for use in electric-vehicle batteries and other battery applications.

The Wolfsberg project includes plans for an integrated operation combining underground mining, mineral processing and downstream lithium conversion.