Critical Metals (NASDAQ:CRML) Shares Gap Up - Here's Why

Critical Metals Corp. (NASDAQ:CRML - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $7.85, but opened at $8.41. Critical Metals shares last traded at $8.04, with a volume of 18,660 shares traded.

Critical Metals Stock Up 12.1 %

The firm has a fifty day simple moving average of $6.84 and a 200 day simple moving average of $7.78.

Institutional Investors Weigh In On Critical Metals

A number of institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new position in Critical Metals during the second quarter worth approximately $185,000. Rhumbline Advisers acquired a new stake in shares of Critical Metals during the 2nd quarter worth $69,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Critical Metals in the 2nd quarter worth $101,000. Barclays PLC boosted its holdings in Critical Metals by 322.8% in the third quarter. Barclays PLC now owns 10,473 shares of the company's stock valued at $77,000 after acquiring an additional 7,996 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in 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 acquiring an additional 4,583 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.