Critical Metals (NASDAQ:CRML) Trading 5.9% Higher – Should You Buy?

Critical Metals Corp. (NASDAQ:CRML)’s stock price was up 5.9% during mid-day trading on Monday . The stock traded as high as $7.01 and last traded at $7.01. Approximately 19,372 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 28,572 shares. The stock had previously closed at $6.62.

Critical Metals Stock Performance

The business’s 50-day moving average price is $6.66 and its 200 day moving average price is $8.23.

Hedge Funds Weigh In On Critical Metals

Several institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC grew its stake in Critical Metals by 322.8% in the third quarter. Barclays PLC now owns 10,473 shares of the company’s stock worth $77,000 after purchasing an additional 7,996 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Critical Metals by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 104,338 shares of the company’s stock worth $776,000 after acquiring an additional 4,583 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Critical Metals in the 2nd quarter valued at approximately $101,000. Rhumbline Advisers acquired a new position in Critical Metals in the second quarter worth $69,000. Finally, Bank of New York Mellon Corp bought a new stake in Critical Metals during the second quarter valued at $185,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

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.