Critical Metals (NASDAQ:CRML) Shares Gap Down – Here’s Why

Shares of Critical Metals Corp. (NASDAQ:CRML) gapped down before the market opened on Friday . The stock had previously closed at $7.57, but opened at $7.19. Critical Metals shares last traded at $7.09, with a volume of 3,705 shares.

Critical Metals Stock Down 1.2 %

The firm’s 50-day simple moving average is $6.66 and its 200-day simple moving average is $8.54.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp bought a new stake in Critical Metals in the 2nd quarter valued at $185,000. Rhumbline Advisers bought a new stake in Critical Metals in the second quarter valued at about $69,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Critical Metals in the second quarter worth about $101,000. Barclays PLC raised its position in Critical Metals by 322.8% in the third quarter. Barclays PLC now owns 10,473 shares of the company’s stock worth $77,000 after purchasing an additional 7,996 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Critical Metals by 4.6% during the third quarter. Geode Capital Management LLC now owns 104,338 shares of the company’s stock worth $776,000 after purchasing an additional 4,583 shares during the period. 86.44% of the stock is currently 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.