Critical Metals (NASDAQ:CRML) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Critical Metals (NASDAQ:CRML) from a hold rating to a sell rating in a research note published on Saturday morning.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Critical Metals in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Critical Metals Stock Up 55.4%

Shares of CRML opened at $23.28 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.13 and a quick ratio of 0.13. Critical Metals has a 1-year low of $1.23 and a 1-year high of $23.67. The firm has a 50 day simple moving average of $7.10 and a 200-day simple moving average of $3.99.

Institutional Trading of Critical Metals

Several institutional investors and hedge funds have recently made changes to their positions in CRML. B. Riley Wealth Advisors Inc. purchased a new position in Critical Metals during the second quarter worth about $37,000. Tower Research Capital LLC TRC lifted its position in Critical Metals by 121.8% during the second quarter. Tower Research Capital LLC TRC now owns 13,258 shares of the company’s stock worth $47,000 after buying an additional 7,280 shares during the period. Captrust Financial Advisors purchased a new position in Critical Metals during the second quarter worth about $196,000. Shay Capital LLC purchased a new position in Critical Metals during the second quarter worth about $984,000. Finally, Bank of America Corp DE lifted its position in Critical Metals by 65.6% during the second quarter. Bank of America Corp DE now owns 101,742 shares of the company’s stock worth $364,000 after buying an additional 40,291 shares during the period. 86.44% of the stock is currently owned by hedge funds and other 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.