Critical Metals (NASDAQ:CRML) Shares Down 4.4% – Here’s What Happened

Critical Metals Corp. (NASDAQ:CRML) shares fell 4.4% during mid-day trading on Monday. The stock traded as low as $6.75 and last traded at $6.6650. 817,566 shares changed hands during trading, a decline of 93% from the average session volume of 11,488,849 shares. The stock had previously closed at $6.97.

Analyst Ratings Changes

A number of equities analysts have commented on CRML shares. Weiss Ratings raised shares of Critical Metals from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 28th. Wall Street Zen cut shares of Critical Metals from a “sell” rating to a “strong sell” rating in a report on Saturday, October 3rd. Freedom Capital cut shares of Critical Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. UBS Group set a $20.00 price target on shares of Critical Metals in a research report on Monday, October 5th. Finally, Cantor Fitzgerald started coverage on shares of Critical Metals in a research report on Tuesday, July 14th. They issued a “speculative buy” rating and a $18.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Critical Metals presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Critical Metals Stock Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a fifty day moving average of $7.07 and a 200-day moving average of $8.64.

Institutional Investors Weigh In On Critical Metals

Large investors have recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. bought a new position in shares of Critical Metals during the third quarter worth about $86,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Critical Metals in the 2nd quarter worth about $29,000. Allworth Financial LP lifted its position in Critical Metals by 53.4% in the 2nd quarter. Allworth Financial LP now owns 5,055 shares of the company’s stock valued at $52,000 after purchasing an additional 1,760 shares during the last quarter. Corient Private Wealth LP lifted its position in Critical Metals by 153.9% in the 2nd quarter. Corient Private Wealth LP now owns 136,618 shares of the company’s stock valued at $1,400,000 after purchasing an additional 82,815 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Critical Metals by 327.5% in the 1st quarter. Bank of America Corp DE now owns 229,907 shares of the company’s stock valued at $1,825,000 after purchasing an additional 176,123 shares during the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

About Critical Metals

Critical Metals Corp. (NASDAQ: CRML) is a mining and development company focused on advancing projects that supply critical minerals used in energy, technology and industrial applications. The company’s portfolio is centered on lithium and rare earth elements, which are important inputs for electric vehicles, batteries, renewable energy systems and advanced manufacturing.

Its flagship asset is the Wolfsberg Lithium Project in Austria. Critical Metals is developing the project as an integrated European lithium operation, with plans covering the production of lithium-related materials for the battery supply chain.