Critical Metals (NASDAQ:CRML) Trading Up 6.3% – Still a Buy?

Critical Metals Corp. (NASDAQ:CRML) shot up 6.3% during trading on Monday . The company traded as high as $6.59 and last traded at $6.59. 1,711 shares traded hands during trading, a decline of 94% from the average session volume of 28,426 shares. The stock had previously closed at $6.20.

Critical Metals Price Performance

The business’s 50-day moving average price is $6.68 and its two-hundred day moving average price is $8.71.

Hedge Funds Weigh In On Critical Metals

Institutional investors have recently added to or reduced their stakes in the business. Barclays PLC increased its position in Critical Metals by 322.8% during 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 during the last quarter. Geode Capital Management LLC grew its stake in shares of Critical Metals by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 104,338 shares of the company’s stock valued at $776,000 after buying an additional 4,583 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Critical Metals during the 2nd quarter worth $101,000. Rhumbline Advisers purchased a new position in shares of Critical Metals in the 2nd quarter worth $69,000. Finally, Bank of New York Mellon Corp acquired a new position in Critical Metals in the second quarter valued at $185,000. 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.