Critical Metals (NASDAQ:CRML) Trading 15.7% Higher – Should You Buy?

Critical Metals Corp. (NASDAQ:CRML) shares shot up 15.7% during mid-day trading on Thursday . The stock traded as high as $18.15 and last traded at $17.6720. 17,983,454 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 29,003,197 shares. The stock had previously closed at $15.27.

Analyst Ratings Changes

A number of research firms have weighed in on CRML. Weiss Ratings restated a “sell (e+)” rating on shares of Critical Metals in a research note on Wednesday. Wall Street Zen downgraded shares of Critical Metals from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Critical Metals Stock Up 11.8%

The firm has a fifty day moving average of $10.34 and a 200 day moving average of $8.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.13 and a quick ratio of 0.13.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in Critical Metals by 272.6% during the 2nd quarter. Geode Capital Management LLC now owns 455,006 shares of the company’s stock valued at $1,629,000 after buying an additional 332,878 shares during the last quarter. Creative Planning bought a new position in Critical Metals in the third quarter valued at about $1,952,000. FNY Investment Advisers LLC purchased a new position in Critical Metals in the second quarter worth about $1,059,000. Vanguard Group Inc. grew its stake in shares of Critical Metals by 40.0% during the 3rd quarter. Vanguard Group Inc. now owns 291,104 shares of the company’s stock valued at $1,811,000 after purchasing an additional 83,225 shares during the period. Finally, Shay Capital LLC bought a new position in shares of Critical Metals in the 2nd quarter worth approximately $984,000. 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.