10 Stocks With Massive Losses; AI Stocks Not Spared

5. Critical Metals Corp. (NASDAQ:CRML)

Critical Metals declined by 6.14 percent on Monday to end at $19.58 apiece as investors took path from a former hedge fund manager’s recommendation to start cashing in on profits.

In the latest episode of Mad Money, host and former hedge fund manager Jim Cramer told a caller to start cashing in on Critical Metals Corp. (NASDAQ:CRML).

“It is time to [take profits in] Critical Metals. You need President Trump to go in there and buy 10 percent of the company—I don’t think it’s going to happen,” Cramer said.

Additionally, optimism for the stock tapered off after trade tensions between the US and China eased.

Critical Metals Corp. (NASDAQ:CRML) has been riding the geopolitical tensions over the past few weeks following China’s new policy to curb rare earth exports that fueled fears of another supply shortage. The curbs sparked optimism for US rare earth producers on expectations that the export restrictions would push customers to look elsewhere for supplies.

Rare earth metals are critical in the growth of the overall economy, as production of various industries, including semiconductors, aerospace, and automotive, heavily relies on the said minerals.