Critical Metals (NASDAQ:CRML) Shares Down 5.5% – Here’s Why
by Amy Steele · The Cerbat GemCritical Metals Corp. (NASDAQ:CRML – Get Free Report)’s stock price was down 5.5% during mid-day trading on Friday . The company traded as low as $7.75 and last traded at $7.8040. Approximately 1,063,953 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 6,796,205 shares. The stock had previously closed at $8.26.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of Critical Metals from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Critical Metals in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Critical Metals currently has an average rating of “Sell”.
View Our Latest Research Report on Critical Metals
Critical Metals Price Performance
The business has a fifty day simple moving average of $10.06 and a 200 day simple moving average of $7.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.13 and a quick ratio of 0.13.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. National Bank of Canada FI purchased a new stake in shares of Critical Metals during the 3rd quarter valued at about $25,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Critical Metals in the second quarter valued at $33,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Critical Metals during the second quarter valued at $37,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of Critical Metals in the 3rd quarter valued at approximately $38,000. Finally, BNP Paribas Financial Markets increased its position in Critical Metals by 95.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,401 shares of the company’s stock worth $40,000 after purchasing an additional 3,134 shares during the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.
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.