Critical Metals (NASDAQ:CRML) Stock Price Down 8.2% – What’s Next?

Critical Metals Corp. (NASDAQ:CRML)’s share price fell 8.2% during mid-day trading on Wednesday . The company traded as low as $8.25 and last traded at $8.0350. Approximately 2,073,710 shares changed hands during trading, a decline of 85% from the average daily volume of 13,670,715 shares. The stock had previously closed at $8.75.

Analyst Upgrades and Downgrades

CRML has been the subject of several analyst reports. Freedom Capital upgraded Critical Metals to a “strong-buy” rating in a research report on Tuesday, March 10th. Weiss Ratings raised Critical Metals from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 19th. Finally, Texas Capital raised shares of Critical Metals to a “strong-buy” rating in a research report on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Critical Metals Stock Performance

The firm’s fifty day moving average is $10.85 and its 200 day moving average is $10.75.

Institutional Trading of Critical Metals

A number of institutional investors have recently bought and sold shares of the business. Alyeska Investment Group L.P. bought a new stake in shares of Critical Metals in the fourth quarter valued at approximately $27,130,000. UBS Group AG lifted its stake in Critical Metals by 610.9% in the 4th quarter. UBS Group AG now owns 2,196,037 shares of the company’s stock valued at $15,240,000 after purchasing an additional 1,887,125 shares during the last quarter. Bridgewater Associates LP acquired a new stake in shares of Critical Metals during the fourth quarter valued at about $4,237,000. Empery Asset Management LP bought a new stake in shares of Critical Metals in the fourth quarter worth $3,411,000. Finally, Geode Capital Management LLC raised its holdings in Critical Metals by 272.6% during the 2nd quarter. Geode Capital Management LLC now owns 455,006 shares of the company’s stock worth $1,629,000 after purchasing an additional 332,878 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Critical Metals Company Profile

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.