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

Critical Metals Corp. (NASDAQ:CRML)’s share price gapped up prior to trading 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 Up 23.7 %

The firm’s 50 day moving average price is $6.70 and its 200-day moving average price is $7.90.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC grew 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 position in shares of Critical Metals during the 2nd quarter valued at $185,000. Rhumbline Advisers bought a new position in Critical Metals in the 2nd quarter worth $69,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Critical Metals during the second quarter valued at about $101,000. Finally, JPMorgan Chase & Co. lifted its holdings in Critical Metals by 111.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,044 shares of the company’s stock worth $90,000 after purchasing an additional 6,341 shares in the last quarter. 86.44% of the stock is owned by institutional investors.

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.