Critical Metals Sees Unusually Large Options Volume (NASDAQ:CRML)

Critical Metals Corp. (NASDAQ:CRML) was the recipient of some unusual options trading activity on Friday. Traders acquired 36,493 put options on the stock. This represents an increase of approximately 129% compared to the typical daily volume of 15,905 put options.

Wall Street Analysts Forecast Growth

CRML has been the topic of several recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Critical Metals in a research report on Wednesday, October 8th. Wall Street Zen cut Critical Metals from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Critical Metals Trading Down 1.5%

CRML traded down $0.11 during trading on Friday, reaching $7.12. 3,935,832 shares of the company traded hands, compared to its average volume of 6,851,886. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $11.27 and a 200 day simple moving average of $6.19. Critical Metals has a 12-month low of $1.23 and a 12-month high of $32.15.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. National Bank of Canada FI purchased a new stake in shares of Critical Metals during the third quarter valued at $25,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Critical Metals in the third quarter valued at about $38,000. BNP Paribas Financial Markets lifted its holdings in shares of Critical Metals by 95.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,401 shares of the company’s stock valued at $40,000 after buying an additional 3,134 shares during the period. SBI Securities Co. Ltd. grew its position in shares of Critical Metals by 1,263.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 7,419 shares of the company’s stock valued at $46,000 after acquiring an additional 6,875 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Critical Metals during the 2nd quarter worth about $33,000. 86.44% of the stock is 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.