Stock Traders Purchase High Volume of Put Options on Critical Metals (NASDAQ:CRML)

Critical Metals Corp. (NASDAQ:CRML) was the recipient of some unusual options trading activity on Friday. Traders purchased 36,493 put options on the company. This represents an increase of 129% compared to the average daily volume of 15,905 put options.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CRML shares. Weiss Ratings restated a “sell (e+)” rating on shares of Critical Metals in a research note 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 research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Linden Advisors LP bought a new position in Critical Metals in the 1st quarter worth $799,000. Geode Capital Management LLC grew its position in shares of Critical Metals by 272.6% in the second quarter. Geode Capital Management LLC now owns 455,006 shares of the company’s stock valued at $1,629,000 after purchasing an additional 332,878 shares during the last quarter. Creative Planning acquired a new stake in shares of Critical Metals in the third quarter valued at about $1,952,000. FNY Investment Advisers LLC bought a new position in shares of Critical Metals in the second quarter worth about $1,059,000. Finally, Shay Capital LLC acquired a new position in shares of Critical Metals during the 2nd quarter worth about $984,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Critical Metals Stock Performance

Shares of CRML stock opened at $7.13 on Friday. Critical Metals has a 12 month low of $1.23 and a 12 month high of $32.15. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $11.29 and its two-hundred day moving average is $6.26.

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.