TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Critical Metals Plc ( (GB:CRTM) ) has issued an announcement.
Critical Metals plc has completed a significant fundraise, resulting in the issuance of 66,830,847 new ordinary shares, which have been admitted to trading on the London Stock Exchange. This recapitalization allows the company to advance its exploration and development activities at the Molulu Copper/Cobalt Project, including acquiring a drill rig and renewing its expired permit with the DRC authorities. The issuance also strengthens NIU’s position, holding over 60% of the company’s share capital, which could influence future strategic decisions.
Spark’s Take on GB:CRTM Stock
According to Spark, TipRanks’ AI Analyst, GB:CRTM is a Underperform.
Critical Metals Plc is currently experiencing significant financial difficulties, with persistent losses and high leverage. Technical indicators also point to a bearish trend. However, the company is taking strategic steps to address these challenges, including cost-saving measures and capital restructuring. The lack of profitability and negative valuation metrics weigh heavily on the overall score, with corporate events providing a slight positive outlook.
To see Spark’s full report on GB:CRTM stock, click here.
More about Critical Metals Plc
Critical Metals plc is a company focused on developing the Molulu Copper/Cobalt Project located in the Katangan Copperbelt of the Democratic Republic of Congo. The company holds a 70% indirect interest in this project and aims to further delineate the orebody, acquire a drill rig, and conduct additional exploration activities.
Average Trading Volume: 57,828
Technical Sentiment Signal: Sell
Current Market Cap: £219K
For detailed information about CRTM stock, go to TipRanks’ Stock Analysis page.