Empery Asset Management LP Purchases New Position in Critical Metals Corp. $CRML

Empery Asset Management LP purchased a new stake in Critical Metals Corp. (NASDAQ:CRML) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 491,460 shares of the company’s stock, valued at approximately $3,411,000. Critical Metals makes up approximately 3.0% of Empery Asset Management LP’s investment portfolio, making the stock its 8th biggest holding. Empery Asset Management LP owned about 0.42% of Critical Metals as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRML. National Bank of Canada FI acquired a new position in Critical Metals in the third quarter valued at approximately $25,000. B. Riley Wealth Advisors Inc. acquired a new position in Critical Metals in the second quarter valued at approximately $37,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Critical Metals in the third quarter valued at approximately $38,000. BNP Paribas Financial Markets boosted its holdings in Critical Metals by 95.9% in the third quarter. BNP Paribas Financial Markets now owns 6,401 shares of the company’s stock valued at $40,000 after purchasing an additional 3,134 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in Critical Metals by 1,263.8% in the third quarter. SBI Securities Co. Ltd. now owns 7,419 shares of the company’s stock valued at $46,000 after purchasing an additional 6,875 shares in the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Critical Metals Trading Down 2.6%

Shares of NASDAQ CRML opened at $9.17 on Thursday. Critical Metals Corp. has a twelve month low of $1.39 and a twelve month high of $32.15. The stock has a 50 day moving average of $10.72 and a two-hundred day moving average of $10.57.

Wall Street Analyst Weigh In

CRML has been the subject of a number of research analyst reports. Freedom Capital raised Critical Metals to a “strong-buy” rating in a report on Tuesday, March 10th. Texas Capital upgraded Critical Metals to a “strong-buy” rating in a research note on Thursday, April 16th. Finally, Weiss Ratings upgraded Critical Metals from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

About Critical Metals

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.