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

Critical Metals Corp. (NASDAQ:CRML) gapped up prior to trading on Friday . The stock had previously closed at $6.70, but opened at $7.21. Critical Metals shares last traded at $7.71, with a volume of 39,750 shares trading hands.

Critical Metals Trading Up 23.7 %

The firm’s fifty day simple moving average is $6.70 and its 200 day simple moving average is $7.90.

Hedge Funds Weigh In On Critical Metals

Several large investors have recently modified their holdings of the stock. Rhumbline Advisers purchased a new position in Critical Metals during the second quarter worth $69,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Critical Metals in the second quarter valued at $101,000. Barclays PLC lifted its holdings in shares of Critical Metals by 322.8% in the 3rd quarter. Barclays PLC now owns 10,473 shares of the company’s stock worth $77,000 after acquiring an additional 7,996 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 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 purchasing an additional 6,341 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Critical Metals during the 2nd quarter valued at about $185,000. Institutional investors own 86.44% of the company’s stock.

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.