Streetbeat News

CRML

Critical Metals Corp.

https://criticalmetalscorp.com

Industry

Industrial Materials

Critical Metals Corp. operates as a mining exploration and development company. It explores for lithium and rear earth element deposits. The company is based in New York, New York. Critical Metals Corp. is a subsidiary of European Lithium Limited.

Open

6.49

Mkt cap

590M

Volume

14K

High

6.50

P/E Ratio

-0.01

52-wk high

22.50

Low

6.31

Div yield

N/A

52-wk low

5.32

Critical Metals shares are trading higher after the company announced a binding heads of agreement to acquire a controlling interest in the Tanbreez Greenland Rare Earth Mine.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 2:52 pm

Critical Metals Corp. (NASDAQ:CRML) has announced a $211 million deal to acquire a controlling interest in the Tanbreez Greenland Rare Earth Mine. This acquisition aims to enhance the supply of rare earth elements (REEs) essential for electrification and next-generation technologies in Europe and North America. The project is expected to reduce dependence on Chinese imports and support various commercial and defense applications.

Portfolio Pulse from Shivani Kumaresan

June 10, 2024 | 12:09 pm

Critical Metals Corp. (NASDAQ:CRML) has signed a binding heads of agreement to acquire a controlling interest in the Tanbreez Greenland Rare Earth Mine from Rimbal Pty Ltd. The transaction is valued at up to $211 million and positions Critical Metals Corp. as a key supplier of rare earth elements for the western world.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 11:07 am

NEXTracker Inc. (NASDAQ:NXT) reported better-than-expected Q4 earnings, leading to a 7.7% rise in its stock price. Other notable gainers include monday.com Ltd. (NASDAQ:MNDY), BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX), and Nu Holdings Ltd. (NYSE:NU), among others.

Portfolio Pulse from Avi Kapoor

May 15, 2024 | 2:22 pm

Spirit Airlines reported a Q1 fiscal 2024 revenue decline of 6.2% Y/Y, missing consensus, leading to a 9.8% drop in its shares. Other stocks also moved lower, including EyePoint Pharmaceuticals after its Phase 2 trial did not meet its primary endpoint, Integra LifeSciences with weak Q2 EPS guidance, and Bowlero with disappointing quarterly results. Braskem shares fell after a potential transaction update, GameStop declined following a previous week's surge, Uniti Group announced a $300 million notes offering, TreeHouse Foods reported mixed Q1 results, Jasper Therapeutics received a Buy rating from HC Wainwright, and several other companies like Medical Properties Trust, Tyson Foods, Allego, CureVac, Titan International, Geron Corporation, and Amgen also recorded losses.

Portfolio Pulse from Avi Kapoor

May 06, 2024 | 5:05 pm

HealthStream, Inc. reported first-quarter GAAP earnings of 17 cents per share, surpassing estimates of 11 cents per share, with sales of $72.760 million against expectations of $71.883 million, leading to a 7.4% rise in its shares. Other stocks also saw significant movements, including Hibbett, Inc. being acquired by JD Sports Fashion, and various companies like Spotify Technology S.A. and Ryder System, Inc. reporting strong financial results or receiving positive analyst coverage.

Portfolio Pulse from Avi Kapoor

April 23, 2024 | 2:50 pm

Matterport, Inc. (MTTR) shares surged following the announcement of its acquisition by CoStar Group, Inc. (CSGP) for an estimated $1.6 billion. Other stocks like Sea Limited (SE), Ingevity Corporation (NGVT), and MicroStrategy Incorporated (MSTR) also recorded significant gains, driven by upgrades, analyst recommendations, and the rise in Bitcoin, respectively.

Portfolio Pulse from Avi Kapoor

April 22, 2024 | 2:10 pm

In Friday's pre-market session, U.S. stock futures were down, with Nasdaq futures dropping over 100 points. Notably, Netflix reported positive Q1 earnings and subscriber growth but saw its shares fall 6%. Other stocks experiencing declines include Critical Metals Corp., Adaptive Biotechnologies, Li Auto Inc., SAGE Therapeutics, DocGo Inc, Sunnova Energy International, NIO Inc., and ON Semiconductor, with various factors contributing to their pre-market losses.

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 11:58 am

Ally Financial Inc. reported better-than-expected quarterly earnings, leading to a 7.7% rise in its stock price. Other companies like Badger Meter and Genuine Parts also saw significant gains after positive financial results. Meanwhile, stocks like Critical Metals Corp., Canopy Growth Corporation, and Humacyte, Inc. recorded substantial increases. Trump Media & Technology Group Corp. explained shareholder actions to prevent short interest positions, contributing to its stock rise.

Portfolio Pulse from Avi Kapoor

April 18, 2024 | 5:58 pm

Ermenegildo Zegna N.V. (ZGN) reported a significant increase in FY23 profits, yet shares fell 14%. Other stocks like Altice USA (ATUS), DoubleDown Interactive (DDI), and Herbalife (HLF) also saw declines. Altice was downgraded by Wells Fargo, and Herbalife is anticipated to release Q1 2024 results soon.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 2:27 pm

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