Critical Metals (NASDAQ:CRML) Trading Up 7.3% – Here’s Why

Critical Metals Corp. (NASDAQ:CRML) shares traded up 7.3% during mid-day trading on Wednesday . The company traded as high as $6.76 and last traded at $6.76. 3,357 shares were traded during trading, a decline of 89% from the average session volume of 30,103 shares. The stock had previously closed at $6.30.

Critical Metals Stock Performance

The firm has a 50 day moving average price of $7.18 and a two-hundred day moving average price of $9.09.

Hedge Funds Weigh In On Critical Metals

Institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers acquired a new position in Critical Metals during the 2nd quarter valued at about $69,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Critical Metals during the 2nd quarter valued at $101,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Critical Metals during the second quarter worth $185,000. 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.