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

Critical Metals Corp. (NASDAQ:CRML)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $6.70, but opened at $7.21. Critical Metals shares last traded at $7.71, with a volume of 39,750 shares.

Critical Metals Trading Up 16.0 %

The company’s 50-day moving average price is $6.73 and its two-hundred day moving average price is $7.85.

Hedge Funds Weigh In On Critical Metals

Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new stake in Critical Metals in the second quarter worth approximately $185,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Critical Metals in the 2nd quarter worth approximately $101,000. Barclays PLC boosted its stake in shares of Critical Metals by 322.8% in the 3rd quarter. Barclays PLC now owns 10,473 shares of the company’s stock valued at $77,000 after purchasing an additional 7,996 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Critical Metals by 111.2% during 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 during the last quarter. Finally, Rhumbline Advisers purchased a new position in Critical Metals in the 2nd quarter worth $69,000. 86.44% of the stock is currently 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.