Critical Metals (NASDAQ:CRML) Shares Up 5.9% – Still a Buy?

Critical Metals Corp. (NASDAQ:CRML)’s stock price shot up 5.9% during mid-day trading on Monday . The company traded as high as $7.01 and last traded at $7.01. 19,372 shares were traded during trading, a decline of 32% from the average session volume of 28,572 shares. The stock had previously closed at $6.62.

Critical Metals Stock Performance

The stock has a 50 day moving average of $6.66 and a 200 day moving average of $8.23.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CRML. Geode Capital Management LLC raised its holdings in shares of Critical Metals by 4.6% during the third 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 last quarter. Bank of New York Mellon Corp bought a new stake in shares of Critical Metals during the 2nd quarter worth about $185,000. Barclays PLC lifted its stake 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 period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Critical Metals in the second quarter valued at approximately $101,000. Finally, Rhumbline Advisers acquired a new position in shares of Critical Metals during the second quarter valued at approximately $69,000. 86.44% of the stock is owned by institutional investors and hedge funds.

About Critical Metals

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.