Critical Metals (NASDAQ:CRML) Shares Down 6% – Time to Sell?

Shares of Critical Metals Corp. (NASDAQ:CRML) fell 6% during trading on Wednesday . The stock traded as low as $9.67 and last traded at $9.4810. 3,204,149 shares were traded during mid-day trading, a decline of 83% from the average session volume of 19,078,684 shares. The stock had previously closed at $10.09.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Freedom Capital upgraded Critical Metals to a “strong-buy” rating in a research note on Tuesday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Critical Metals in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Critical Metals has a consensus rating of “Moderate Buy”.

Critical Metals Stock Performance

The business has a 50-day moving average price of $12.48 and a two-hundred day moving average price of $10.53. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.13 and a current ratio of 0.13.

Institutional Investors Weigh In On Critical Metals

Several large investors have recently bought and sold shares of CRML. Alyeska Investment Group L.P. acquired a new position in shares of Critical Metals during the fourth quarter worth about $27,130,000. UBS Group AG raised its holdings in shares of 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 in the last quarter. Nuveen LLC lifted its position in shares of Critical Metals by 37.0% during the 4th quarter. Nuveen LLC now owns 713,066 shares of the company’s stock worth $4,949,000 after purchasing an additional 192,588 shares during the last quarter. State Street Corp grew its stake in shares of Critical Metals by 57.9% during the fourth quarter. State Street Corp now owns 696,550 shares of the company’s stock worth $4,834,000 after purchasing an additional 255,499 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Critical Metals by 38.9% in the fourth quarter. Geode Capital Management LLC now owns 634,706 shares of the company’s stock valued at $4,405,000 after buying an additional 177,909 shares during the last quarter. Hedge funds and other 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.