Critical Metals (NASDAQ:CRML) Trading Up 2.9% – Should You Buy?

Critical Metals Corp. (NASDAQ:CRML)’s share price rose 2.9% on Monday . The stock traded as high as $6.99 and last traded at $6.76. Approximately 4,654 shares were traded during trading, a decline of 84% from the average daily volume of 28,405 shares. The stock had previously closed at $6.57.

Critical Metals Stock Performance

The firm’s 50 day moving average is $6.64 and its two-hundred day moving average is $8.15.

Hedge Funds Weigh In On Critical Metals

Several institutional investors and hedge funds have recently made changes to their positions in CRML. Bank of New York Mellon Corp bought a new position in Critical Metals during the second quarter worth about $185,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Critical Metals during the second quarter worth about $101,000. Barclays PLC lifted its holdings in shares of Critical Metals by 322.8% during the 3rd quarter. Barclays PLC now owns 10,473 shares of the company’s stock valued at $77,000 after purchasing an additional 7,996 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Critical Metals by 111.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,044 shares of the company’s stock valued at $90,000 after purchasing an additional 6,341 shares during the period. Finally, Rhumbline Advisers bought a new stake in Critical Metals during the 2nd quarter worth approximately $69,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

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.