Critical Metals (NASDAQ:CRML) Trading 10.2% Higher – Still a Buy?

Critical Metals Corp. (NASDAQ:CRML) was up 10.2% during mid-day trading on Thursday . The company traded as high as $12.53 and last traded at $12.5380. Approximately 4,383,988 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 16,467,732 shares. The stock had previously closed at $11.38.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Critical Metals in a research report on Monday, April 20th. Freedom Capital raised Critical Metals to a “strong-buy” rating in a report on Tuesday, March 10th. Finally, Texas Capital raised Critical Metals to a “strong-buy” rating in a 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 MarketBeat, the company presently has a consensus rating of “Buy”.

Critical Metals Stock Up 11.3%

The stock has a fifty day moving average price of $9.47 and a 200-day moving average price of $11.00.

Hedge Funds Weigh In On Critical Metals

Hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. acquired a new position in shares of Critical Metals in the 3rd quarter worth approximately $853,000. Strs Ohio raised its holdings in shares of Critical Metals by 5,464.3% in the 3rd quarter. Strs Ohio now owns 77,900 shares of the company’s stock worth $485,000 after buying an additional 76,500 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Critical Metals in the 2nd quarter worth approximately $37,000. Royal Bank of Canada raised its holdings in shares of Critical Metals by 899.0% in the 4th quarter. Royal Bank of Canada now owns 4,945 shares of the company’s stock worth $35,000 after buying an additional 4,450 shares in the last quarter. Finally, National Bank of Canada FI acquired a new position in shares of Critical Metals in the 3rd quarter worth approximately $25,000. 86.44% of the stock is owned by institutional investors and hedge funds.

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.