Critical Metals (NASDAQ:CRML) Shares Gap Down – Here’s What Happened

Critical Metals Corp. (NASDAQ:CRML)’s share price gapped down before the market opened on Monday . The stock had previously closed at $12.53, but opened at $12.00. Critical Metals shares last traded at $12.1380, with a volume of 3,307,566 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Critical Metals in a report on Monday, April 20th. Freedom Capital raised Critical Metals to a “strong-buy” rating in a report on Tuesday, March 10th. Finally, Texas Capital raised shares of Critical Metals to a “strong-buy” rating in a report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Critical Metals currently has a consensus rating of “Buy”.

Critical Metals Price Performance

The firm has a 50-day moving average price of $9.83 and a two-hundred day moving average price of $10.53.

Hedge Funds Weigh In On Critical Metals

A number of institutional investors and hedge funds have recently bought and sold shares of CRML. AQR Capital Management LLC acquired a new position in Critical Metals during the first quarter worth about $69,000. Rhumbline Advisers grew its holdings in Critical Metals by 582.5% in the 1st quarter. Rhumbline Advisers now owns 43,047 shares of the company’s stock valued at $60,000 after buying an additional 36,740 shares in the last quarter. Geode Capital Management LLC grew its holdings in Critical Metals by 272.6% in 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 in the last quarter. JPMorgan Chase & Co. grew its holdings in Critical Metals by 142.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 33,039 shares of the company’s stock valued at $118,000 after buying an additional 19,418 shares in the last quarter. Finally, Cerity Partners LLC purchased a new stake in Critical Metals in the 2nd quarter valued at $226,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

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.