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

Critical Metals Corp. (NASDAQ:CRML - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $8.20, but opened at $7.91. Critical Metals shares last traded at $7.7440, with a volume of 1,310,418 shares.

Wall Street Analyst Weigh In

• Don’t Fear the Dip: Rare Earth Stocks May Rebound Fast

Several equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Critical Metals in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Critical Metals from a "hold" rating to a "sell" rating in a research report on Saturday, October 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of "Sell".

Get Our Latest Research Report on Critical Metals

Critical Metals Stock Performance

• 3 Rare Earth Stocks Powering America’s Critical Minerals Boom

The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $11.42 and a two-hundred day simple moving average of $6.59.

Institutional Trading of Critical Metals

A number of hedge funds have recently bought and sold shares of the business. Linden Advisors LP purchased a new stake in Critical Metals in the 1st quarter valued at $799,000. Geode Capital Management LLC raised its holdings in shares of Critical Metals by 272.6% during the 2nd quarter. Geode Capital Management LLC now owns 455,006 shares of the company's stock worth $1,629,000 after acquiring an additional 332,878 shares during the period. Creative Planning acquired a new position in shares of Critical Metals during the 3rd quarter valued at about $1,952,000. FNY Investment Advisers LLC purchased a new stake in shares of Critical Metals in the second quarter valued at about $1,059,000. Finally, Shay Capital LLC purchased a new stake in shares of Critical Metals in the second quarter valued at about $984,000. Institutional investors and hedge funds own 86.44% of the company's stock.

Critical Metals Company Profile

• These 3 Rare Earth Stocks Are Surging Alongside MP Materials

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.

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