Critical Metals (NASDAQ:CRML) Shares Gap Up – Should You Buy?

Critical Metals Corp. (NASDAQ:CRML)’s share price gapped up before the market opened on Monday . The stock had previously closed at $5.95, but opened at $6.42. Critical Metals shares last traded at $6.19, with a volume of 114,959 shares traded.

Critical Metals Stock Performance

The company’s fifty day moving average is $7.20 and its 200-day moving average is $7.40.

Institutional Trading of Critical Metals

Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in Critical Metals by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 107,034 shares of the company’s stock valued at $727,000 after purchasing an additional 2,696 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Critical Metals by 147.4% during the 4th quarter. JPMorgan Chase & Co. now owns 29,797 shares of the company’s stock worth $202,000 after buying an additional 17,753 shares during the period. Finally, Barclays PLC raised its position in shares of Critical Metals by 322.8% in the 3rd quarter. Barclays PLC now owns 10,473 shares of the company’s stock valued at $77,000 after acquiring an additional 7,996 shares during the period. 86.44% of the stock is currently owned by institutional investors and hedge funds.

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.