Critical Metals Target of Unusually High Options Trading (NASDAQ:CRML)

Critical Metals Corp. (NASDAQ:CRML) was the target of unusually large options trading on Thursday. Stock traders acquired 65,863 call options on the stock. This represents an increase of 162% compared to the average daily volume of 25,150 call options.

Analysts Set New Price Targets

Several research firms recently commented on CRML. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Critical Metals in a research note on Wednesday. Wall Street Zen downgraded shares of Critical Metals from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Critical Metals Stock Performance

Shares of NASDAQ:CRML opened at $20.63 on Friday. The firm has a 50 day moving average of $10.34 and a 200 day moving average of $8.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.13 and a quick ratio of 0.13. Critical Metals has a 52 week low of $1.23 and a 52 week high of $32.15.

Institutional Investors Weigh In On Critical Metals

A number of hedge funds have recently made changes to their positions in CRML. Signaturefd LLC grew its stake in Critical Metals by 44.7% in the fourth quarter. Signaturefd LLC now owns 8,662 shares of the company’s stock valued at $60,000 after purchasing an additional 2,676 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Critical Metals by 21.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,301 shares of the company’s stock worth $127,000 after buying an additional 3,266 shares during the last quarter. Next Level Private LLC bought a new position in shares of Critical Metals during the 4th quarter worth approximately $374,000. Avior Wealth Management LLC bought a new position in shares of Critical Metals during the 4th quarter worth approximately $187,000. Finally, XTX Topco Ltd purchased a new stake in Critical Metals during the third quarter valued at approximately $531,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

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.