Traders Buy Large Volume of Critical Metals Call Options (NASDAQ:CRML)
by Teresa Graham · The Cerbat GemCritical Metals Corp. (NASDAQ:CRML – Get Free Report) was the target of unusually large options trading on Friday. Traders bought 51,339 call options on the company. This represents an increase of 91% compared to the typical daily volume of 26,898 call options.
Critical Metals Stock Up 38.3%
CRML stock traded up $3.55 during trading on Friday, reaching $12.82. 51,770,293 shares of the stock were exchanged, compared to its average volume of 15,497,619. Critical Metals has a twelve month low of $1.29 and a twelve month high of $32.15. The stock has a 50 day simple moving average of $9.18 and a 200-day simple moving average of $10.88.
Institutional Investors Weigh In On Critical Metals
A number of institutional investors have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. acquired a new stake in Critical Metals during the fourth quarter worth about $27,130,000. UBS Group AG boosted its holdings in Critical Metals by 610.9% during the fourth 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 boosted its holdings in Critical Metals by 37.0% during the fourth quarter. Nuveen LLC now owns 713,066 shares of the company’s stock valued at $4,949,000 after purchasing an additional 192,588 shares in the last quarter. State Street Corp boosted its holdings in Critical Metals by 57.9% during the fourth quarter. State Street Corp now owns 696,550 shares of the company’s stock valued at $4,834,000 after purchasing an additional 255,499 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Critical Metals by 38.9% during the fourth quarter. Geode Capital Management LLC now owns 634,706 shares of the company’s stock valued at $4,405,000 after purchasing an additional 177,909 shares in the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Freedom Capital upgraded Critical Metals to a “strong-buy” rating in a research note on Tuesday, March 10th. 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 issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.
View Our Latest Stock Report on Critical Metals
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.