Critical Metals (NASDAQ:CRML) Trading Down 4.4% – Here’s Why

Critical Metals Corp. (NASDAQ:CRML) shares were down 4.4% during trading on Monday . The company traded as low as $12.23 and last traded at $12.0130. Approximately 9,570,196 shares were traded during trading, a decline of 39% from the average daily volume of 15,750,010 shares. The stock had previously closed at $12.56.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CRML shares. Freedom Capital raised Critical Metals to a “strong-buy” rating in a research report on Tuesday, March 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Critical Metals in a report on Wednesday, January 21st. Finally, Texas Capital upgraded Critical Metals to a “strong-buy” rating in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Critical Metals currently has a consensus rating of “Buy”.

Critical Metals Stock Down 6.1%

The company’s fifty day simple moving average is $9.21 and its 200-day simple moving average is $10.98.

Institutional Trading of Critical Metals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRML. Alyeska Investment Group L.P. bought a new stake in Critical Metals in the fourth quarter valued at about $27,130,000. UBS Group AG boosted its holdings in Critical Metals by 610.9% during the fourth quarter. UBS Group AG now owns 2,196,037 shares of the company’s stock valued at $15,240,000 after purchasing an additional 1,887,125 shares in the last quarter. Bridgewater Associates LP acquired a new stake in Critical Metals during the fourth quarter valued at approximately $4,237,000. Empery Asset Management LP bought a new stake in shares of Critical Metals in the 4th quarter valued at approximately $3,411,000. Finally, Geode Capital Management LLC grew its stake in shares of Critical Metals by 272.6% in the 2nd quarter. Geode Capital Management LLC now owns 455,006 shares of the company’s stock valued at $1,629,000 after purchasing an additional 332,878 shares during the period. 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.