Critical Metals (NASDAQ:CRML) Stock Price Up 10.4% – What’s Next?

Critical Metals Corp. (NASDAQ:CRML) shares rose 10.4% during mid-day trading on Tuesday . The stock traded as high as $14.35 and last traded at $13.90. Approximately 4,579,749 shares traded hands during trading, a decline of 84% from the average daily volume of 29,002,582 shares. The stock had previously closed at $12.59.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CRML shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Critical Metals in a report on Wednesday, January 21st. Wall Street Zen cut Critical Metals from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Critical Metals Price Performance

The firm has a 50-day moving average of $11.28 and a two-hundred day moving average of $9.50. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.16.

Hedge Funds Weigh In On Critical Metals

A number of hedge funds have recently made changes to their positions in the company. National Bank of Canada FI acquired a new position in Critical Metals during the third quarter worth $25,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Critical Metals during the 2nd quarter valued at about $33,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Critical Metals in the second quarter valued at about $37,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Critical Metals during the third quarter worth about $38,000. Finally, BNP Paribas Financial Markets raised its stake in Critical Metals by 95.9% during the third quarter. BNP Paribas Financial Markets now owns 6,401 shares of the company’s stock worth $40,000 after purchasing an additional 3,134 shares during the period. Institutional investors and hedge funds 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.