Critical Metals (NASDAQ:CRML) Shares Gap Up – Time to Buy?

Critical Metals Corp. (NASDAQ:CRML)’s share price gapped up before the market opened on Friday . The stock had previously closed at $6.55, but opened at $6.99. Critical Metals shares last traded at $6.87, with a volume of 1,151 shares trading hands.

Critical Metals Stock Performance

The company’s 50 day moving average price is $6.67 and its two-hundred day moving average price is $8.01.

Institutional Investors Weigh In On Critical Metals

Several hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in shares of Critical Metals in the second quarter valued at about $185,000. Rhumbline Advisers purchased a new position in Critical Metals during the 2nd quarter valued at about $69,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Critical Metals during the 2nd quarter valued at about $101,000. JPMorgan Chase & Co. raised its holdings in shares of Critical Metals by 111.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,044 shares of the company’s stock valued at $90,000 after purchasing an additional 6,341 shares in the last quarter. Finally, Barclays PLC lifted 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 worth $77,000 after purchasing an additional 7,996 shares during the period. 86.44% of the stock is currently owned by hedge funds and other 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.