Snow Lake Resources Ltd (NASDAQ:LITM) traded at $0.18 at close of the session on Tuesday, December 17 and made an upward move of 17.46% on its previous day’s price.
Looking at the stock we see that its previous close was $0.16 and the beta (5Y monthly) reads 2.383 with the day’s price range being $0.1618 – $0.19. In terms of its 52-week price range, LITM has a high of $1.50 and a low of $0.15. The company’s stock has lost about -20.43% over that past 30 days.
Snow Lake Resources Ltd has a market cap of $5.24 million and is expected to release its quarterly earnings report in January.
On the other hand, looking at the outlook for the LITM stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.
Looking further, we note the current price level is -2.28% off its SMA20 and -27.18% from its 50-day simple moving average. The RSI (14) is pointing at 42.85 while the volatility over the past week is 14.43% and jumps to 16.89% over the past one month. The beta value is 2.10, while the average true range (ATR) is currently pointing at 0.03.
Coming back to Snow Lake Resources Ltd (NASDAQ:LITM), we note that the average 3-month trading volume was 945.97K, while that of the preceding 10-day period stands at 4.14 million. Current shares outstanding are 28.61 million.
The insiders hold 26.18% of the company’s shares while institutions hold 0.74%. The data shows that short shares as of 2024-11-29, stood at 6746.0 at a short ratio of 0.01. This represents a 3.00 short interest in shares outstanding on 2024-11-29. Shares short fall in November from the previous month at 79423.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -84.36% down in year-to-date price movement.
