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

Critical Metals Corp. (NASDAQ:CRML) shares gapped up before the market opened on Friday . The stock had previously closed at $6.70, but opened at $7.21. Critical Metals shares last traded at $7.71, with a volume of 39,750 shares.

Critical Metals Stock Performance

The business has a fifty day moving average of $6.73 and a 200-day moving average of $7.85.

Institutional Trading of Critical Metals

Several institutional investors and hedge funds have recently bought and sold shares of CRML. Rhumbline Advisers bought a new position in shares of Critical Metals in the second quarter worth $69,000. Barclays PLC increased its stake in 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 last quarter. JPMorgan Chase & Co. raised its holdings 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 acquiring an additional 6,341 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Critical Metals during the 2nd quarter valued at about $101,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Critical Metals during the 2nd quarter valued at about $185,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Critical Metals Company Profile

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.