Critical Metals (NASDAQ:CRML) Shares Down 12.1% – Time to Sell?

Shares of Critical Metals Corp. (NASDAQ:CRML) traded down 12.1% during mid-day trading on Thursday . The stock traded as low as $2.00 and last traded at $2.11. 754,410 shares changed hands during trading, an increase of 103% from the average session volume of 371,945 shares. The stock had previously closed at $2.40.

Critical Metals Price Performance

The stock has a 50-day simple moving average of $6.27 and a 200-day simple moving average of $6.89.

Institutional Trading of Critical Metals

Several institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in Critical Metals by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 107,034 shares of the company’s stock worth $727,000 after acquiring an additional 2,696 shares in the last quarter. Northern Trust Corp lifted its position in shares of Critical Metals by 13.2% during the fourth quarter. Northern Trust Corp now owns 48,641 shares of the company’s stock worth $330,000 after purchasing an additional 5,670 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Critical Metals by 147.4% in the fourth quarter. JPMorgan Chase & Co. now owns 29,797 shares of the company’s stock worth $202,000 after purchasing an additional 17,753 shares in the last quarter. Finally, Barclays PLC increased its holdings in Critical Metals by 22.9% in the fourth quarter. Barclays PLC now owns 12,876 shares of the company’s stock valued at $88,000 after buying an additional 2,403 shares during the last quarter. 86.44% of the stock is 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.