Critical Metals (NASDAQ:CRML) Stock Price Down 8.8% – Time to Sell?

Critical Metals Corp. (NASDAQ:CRML)’s share price traded down 8.8% during mid-day trading on Tuesday . The stock traded as low as $16.20 and last traded at $16.6820. 9,525,441 shares were traded during mid-day trading, a decline of 69% from the average session volume of 31,182,371 shares. The stock had previously closed at $18.30.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CRML shares. Wall Street Zen lowered shares of Critical Metals from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Critical Metals in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Critical Metals Stock Up 2.6%

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.13 and a quick ratio of 0.13. The firm has a fifty day moving average of $10.54 and a 200 day moving average of $9.10.

Institutional Investors Weigh In On Critical Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRML. National Bank of Canada FI purchased a new stake in Critical Metals during the 3rd quarter valued at $25,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Critical Metals during the second quarter valued at $33,000. B. Riley Wealth Advisors Inc. bought a new position in Critical Metals in the second quarter valued at about $37,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Critical Metals in the third quarter worth about $38,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Critical Metals by 95.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,401 shares of the company’s stock valued at $40,000 after purchasing an additional 3,134 shares during the period. Hedge funds and other 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.