Critical Metals (NASDAQ:CRML) Shares Gap Up – Here’s Why

Shares of Critical Metals Corp. (NASDAQ:CRML) gapped up prior to trading on Tuesday . The stock had previously closed at $6.47, but opened at $6.80. Critical Metals shares last traded at $6.80, with a volume of 506 shares changing hands.

Critical Metals Stock Performance

The stock’s 50 day moving average is $6.68 and its two-hundred day moving average is $8.71.

Hedge Funds Weigh In On Critical Metals

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers purchased a new stake in Critical Metals during the 2nd quarter valued at approximately $69,000. Barclays PLC raised its stake in shares of Critical Metals by 322.8% during the third 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 last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Critical Metals during the second quarter worth approximately $101,000. Bank of New York Mellon Corp acquired a new stake in shares of Critical Metals during the second quarter worth $185,000. Finally, Geode Capital Management LLC grew its position in Critical Metals by 4.6% in the 3rd 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. Hedge funds and other 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.