Critical Metals (NASDAQ:CRML) Stock Price Down 5.5% – Here’s Why

Critical Metals Corp. (NASDAQ:CRML)’s share price dropped 5.5% during trading on Friday . The company traded as low as $6.34 and last traded at $6.34. Approximately 8,498 shares changed hands during trading, a decline of 70% from the average daily volume of 28,203 shares. The stock had previously closed at $6.71.

Critical Metals Stock Performance

The stock has a 50-day moving average of $6.61 and a 200 day moving average of $8.65.

Institutional Investors Weigh In On Critical Metals

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new stake in Critical Metals in the second quarter valued at $185,000. Rhumbline Advisers purchased a new stake in Critical Metals in the second quarter valued at $69,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Critical Metals in the second quarter valued at $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 valued at $77,000 after purchasing an additional 7,996 shares during the period. Finally, Geode Capital Management LLC raised its position in Critical Metals by 4.6% in the third 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. 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.