Key Points
- CFO Sergey Savchenko sold 66,667 shares at an average $6.81 each, for about $454,000. The sale reduced his holdings by 41.67%, leaving him with 93,333 shares.
- Critical Metals shares were reported up 2.2%; the stock has traded between $5.11 and $21.86 over the past year.
- Analysts’ consensus rating is Moderate Buy, with an average price target of $19.00, though ratings range from Strong Buy to Sell.
Critical Metals Corp. (NASDAQ:CRML - Get Free Report) CFO Sergey Savchenko sold 66,667 shares of Critical Metals stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $6.81, for a total value of $454,002.27. Following the completion of the transaction, the chief financial officer owned 93,333 shares of the company's stock, valued at approximately $635,597.73. The trade was a 41.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Critical Metals Stock Up 2.2%
NASDAQ:CRML opened at $6.39 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average of $7.12 and a 200-day moving average of $9.16. Critical Metals Corp. has a 52 week low of $5.11 and a 52 week high of $21.86.
Institutional Investors Weigh In On Critical Metals
A number of hedge funds have recently made changes to their positions in the business. Allworth Financial LP boosted its position in shares of Critical Metals by 53.4% during the second quarter. Allworth Financial LP now owns 5,055 shares of the company's stock worth $52,000 after buying an additional 1,760 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Critical Metals by 14.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 14,630 shares of the company's stock worth $116,000 after buying an additional 1,829 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Critical Metals in the 2nd quarter worth approximately $29,000. Signaturefd LLC grew its holdings in Critical Metals by 32.9% in the 3rd quarter. Signaturefd LLC now owns 11,847 shares of the company's stock worth $86,000 after buying an additional 2,933 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in Critical Metals by 10.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 55,253 shares of the company's stock valued at $383,000 after acquiring an additional 5,253 shares during the period. Institutional investors own 86.44% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on CRML. Cantor Fitzgerald started coverage on Critical Metals in a research note on Tuesday, July 14th. They set a "speculative buy" rating and a $18.00 price objective for the company. Wall Street Zen cut Critical Metals from a "sell" rating to a "strong sell" rating in a research note on Saturday, October 3rd. Weiss Ratings raised shares of Critical Metals from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, September 28th. UBS Group set a $20.00 price target on shares of Critical Metals in a report on Monday, October 5th. Finally, Freedom Capital lowered shares of Critical Metals from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $19.00.
View Our Latest Analysis on CRML
About Critical Metals
(
Get Free Report)
Critical Metals Corp. is a mineral development company focused on advancing projects that supply critical raw materials for the energy transition and other high-technology applications. Its principal asset is the Wolfsberg Lithium Project in Carinthia, Austria, which is designed to produce lithium hydroxide for use in electric-vehicle batteries and other battery applications.
The Wolfsberg project includes plans for an integrated operation combining underground mining, mineral processing and downstream lithium conversion.
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