Critical Metals (NASDAQ:CRML) Stock Price Up 9.1% – Should You Buy?

Critical Metals Corp. (NASDAQ:CRML) rose 9.1% during trading on Wednesday . The stock traded as high as $2.97 and last traded at $2.77. Approximately 6,510,346 shares traded hands during mid-day trading, an increase of 544% from the average daily volume of 1,010,912 shares. The stock had previously closed at $2.54.

Critical Metals Price Performance

The company’s fifty day moving average price is $1.75 and its 200 day moving average price is $3.64.

Hedge Funds Weigh In On Critical Metals

A number of large investors have recently bought and sold shares of the business. Next Capital Management LLC bought a new position in shares of Critical Metals during the first quarter valued at approximately $28,000. Alps Advisors Inc. lifted its holdings in shares of Critical Metals by 139.8% in the 1st quarter. Alps Advisors Inc. now owns 36,799 shares of the company’s stock worth $51,000 after purchasing an additional 21,451 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Critical Metals during the 1st quarter valued at approximately $58,000. Rhumbline Advisers grew its stake in Critical Metals by 582.5% during the 1st quarter. Rhumbline Advisers now owns 43,047 shares of the company’s stock worth $60,000 after buying an additional 36,740 shares during the last quarter. Finally, AQR Capital Management LLC bought a new position in Critical Metals during the 1st quarter worth $69,000. Institutional investors own 86.44% of the company’s stock.

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.