Critical Metals (NASDAQ:CRML) Shares Gap Up – Still a Buy?

Critical Metals Corp. (NASDAQ:CRML) shares gapped up prior to trading on Wednesday . The stock had previously closed at $7.95, but opened at $8.40. Critical Metals shares last traded at $8.11, with a volume of 41,843 shares trading hands.

Critical Metals Stock Down 2.8 %

The company’s 50 day simple moving average is $6.95 and its 200 day simple moving average is $7.72.

Institutional Investors Weigh In On Critical Metals

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in Critical Metals by 4.6% in the third quarter. Geode Capital Management LLC now owns 104,338 shares of the company’s stock valued at $776,000 after acquiring an additional 4,583 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Critical Metals in the 2nd quarter valued at about $185,000. JPMorgan Chase & Co. grew its stake in Critical Metals by 111.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,044 shares of the company’s stock worth $90,000 after buying an additional 6,341 shares during the last quarter. Barclays PLC grew its stake in Critical Metals by 322.8% during the 3rd quarter. Barclays PLC now owns 10,473 shares of the company’s stock worth $77,000 after buying an additional 7,996 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Critical Metals during the second quarter worth approximately $101,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Critical Metals Company Profile

Sizzle Acquisition Corp. is a blank check company. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or related business combination with one or more businesses. Sizzle Acquisition Corp. is based in Washington, the District of Columbia.