Critical Metals (NASDAQ:CRML) Shares Up 17.3% – Still a Buy?

Critical Metals Corp. (NASDAQ:CRML) rose 17.3% on Tuesday . The stock traded as high as $8.28 and last traded at $7.78. Approximately 47,541 shares were traded during mid-day trading, an increase of 68% from the average daily volume of 28,339 shares. The stock had previously closed at $6.63.

Critical Metals Stock Down 2.3 %

The company has a 50-day simple moving average of $6.64 and a two-hundred day simple moving average of $8.59.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CRML. Bank of New York Mellon Corp acquired a new position in shares of Critical Metals during the second quarter valued at $185,000. Rhumbline Advisers bought a new position in Critical Metals during the second quarter valued at about $69,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Critical Metals during the second quarter valued at about $101,000. Barclays PLC boosted 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 purchasing an additional 7,996 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Critical Metals by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 104,338 shares of the company’s stock valued at $776,000 after purchasing an additional 4,583 shares during the period. 86.44% of the stock is 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.