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 Wednesday . The stock had previously closed at $7.72, but opened at $8.60. Critical Metals shares last traded at $8.55, with a volume of 26,492 shares traded.

Critical Metals Stock Performance

The company’s 50-day simple moving average is $6.61 and its 200 day simple moving average is $8.60.

Hedge Funds Weigh In On Critical Metals

Several large investors have recently modified their holdings of the business. Rhumbline Advisers bought a new position in Critical Metals in the 2nd quarter worth approximately $69,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Critical Metals in the second quarter valued at $101,000. Barclays PLC raised its stake 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 during the period. Bank of New York Mellon Corp purchased a new stake in Critical Metals during the 2nd quarter worth about $185,000. Finally, Geode Capital Management LLC boosted its stake in Critical Metals by 4.6% in the 3rd 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. Hedge funds and other institutional investors own 86.44% of the company’s stock.

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.