Snow Lake Resources Ltd (NASDAQ:LITM) price on Thursday, December 26, rose 50.45% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.88.
A look at the stock’s price movement, the close in the last trading session was $0.58, moving within a range at $0.635 and $0.9. The beta value (5-Year monthly) was 2.383. Turning to its 52-week performance, $1.50 and $0.15 were the 52-week high and 52-week low respectively. Overall, LITM moved 360.25% over the past month.
Snow Lake Resources Ltd’s market cap currently stands at around $49.95 million, with investors looking forward to this quarter’s earnings report slated for in January.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LITM is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
LITM’s current price about 200.66% and 210.15% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 69.77, while 7-day volatility ratio is 45.74% and 32.24% in the 30-day chart. Further, Snow Lake Resources Ltd (LITM) has a beta value of 1.93, and an average true range (ATR) of 0.15.
If we refocus on Snow Lake Resources Ltd (NASDAQ:LITM), historical trading data shows that trading volumes averaged 155.21 over the past 10 days and 25.02 million over the past 3 months. The company’s latest data on shares outstanding shows there are 28.61 million shares.
The 26.18% of Snow Lake Resources Ltd’s shares are in the hands of company insiders while institutional holders own 0.74% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6746.0 on 2024-11-29, giving us a short ratio of 0.01. The data shows that as of 2024-11-29 short interest in Snow Lake Resources Ltd (LITM) stood at 2.9999999 of shares outstanding, with shares short falling to 79423.0 registered in 2024-10-31. Current price change has pushed the stock -24.79% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LITM stock continues to rise going into the next quarter.
