Stock Track | Critical Metals Corporation (CRML) Soars 5.12% in Pre-Market on Greenland Facility Milestone and Rare Earths Momentum
Stock Track
Jan 09
Critical Metals Corporation (CRML) saw its stock surge 5.12% in pre-market trading, driven by the company's approval and commencement of construction for an Arctic-grade storage and pilot-plant facility in Qaqortoq, Greenland. This milestone marks a significant step forward for the company's Tanbreez rare earths project and has bolstered investor confidence.
The stock's recent performance has been strong, with a 98.13% return over the past 7 days and a 105.22% return over the past year, reflecting growing optimism around Western access to rare earth supply chains and Greenland's strategic geopolitical importance. The market appears to be pricing in future growth potential tied to CRML's projects in Greenland, despite its current high valuation (P/B of 15.7x).
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