Critical Metals (NASDAQ:CRML) Shares Gap Down – Should You Sell?

Critical Metals Corp. (NASDAQ:CRML)’s share price gapped down prior to trading on Monday . The stock had previously closed at $12.53, but opened at $12.00. Critical Metals shares last traded at $12.1380, with a volume of 3,307,566 shares trading hands.

Analyst Ratings Changes

CRML has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Critical Metals in a report on Monday, April 20th. Freedom Capital raised shares of Critical Metals to a “strong-buy” rating in a research note on Tuesday, March 10th. Finally, Texas Capital raised shares of Critical Metals to a “strong-buy” rating in a research note on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Critical Metals Trading Down 3.5%

The firm has a fifty day moving average price of $9.74 and a 200 day moving average price of $10.64.

Institutional Investors Weigh In On Critical Metals

Several hedge funds have recently modified their holdings of CRML. National Bank of Canada FI acquired a new position in Critical Metals in the 3rd quarter worth approximately $25,000. Sunbelt Securities Inc. acquired a new position in Critical Metals in the 4th quarter worth approximately $28,000. Royal Bank of Canada boosted its stake in 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 purchasing an additional 4,450 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in Critical Metals in the 2nd quarter worth approximately $37,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Critical Metals in the 3rd quarter worth approximately $38,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

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.