Critical Metals (NASDAQ:CRML) Stock Price Down 6.2% – Here’s Why

Critical Metals Corp. (NASDAQ:CRML) traded down 6.2% during trading on Wednesday . The company traded as low as $7.02 and last traded at $7.20. 8,304 shares traded hands during trading, a decline of 71% from the average session volume of 28,339 shares. The stock had previously closed at $7.68.

Critical Metals Trading Down 3.8 %

The business’s 50 day simple moving average is $6.68 and its 200 day simple moving average is $8.50.

Institutional Investors Weigh In On Critical Metals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRML. Geode Capital Management LLC raised its position in shares of Critical Metals by 4.6% during the third quarter. Geode Capital Management LLC now owns 104,338 shares of the company’s stock valued at $776,000 after buying an additional 4,583 shares during the last quarter. Rhumbline Advisers bought a new stake in shares of Critical Metals during the second quarter valued at approximately $69,000. Barclays PLC raised its position in shares of Critical Metals by 322.8% during the third quarter. Barclays PLC now owns 10,473 shares of the company’s stock valued at $77,000 after buying an additional 7,996 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Critical Metals during the second quarter valued at approximately $101,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Critical Metals during the second quarter valued at approximately $185,000. Institutional investors own 86.44% of the company’s stock.

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.