The stock of Snow Lake Resources Ltd (LITM) has gone down by -7.71% for the week, with a -31.04% drop in the past month and a -56.72% drop in the past quarter. The volatility ratio for the week is 21.57%, and the volatility levels for the past 30 days are 12.27% for LITM. The simple moving average for the past 20 days is -16.67% for LITM’s stock, with a -59.24% simple moving average for the past 200 days.
Is It Worth Investing in Snow Lake Resources Ltd (NASDAQ: LITM) Right Now?
The stock has a 36-month beta value of 2.44. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for LITM is 20.30M, and at present, short sellers hold a 0.22% of that float. On September 17, 2024, the average trading volume of LITM was 387.35K shares.
LITM) stock’s latest price update
Snow Lake Resources Ltd (NASDAQ: LITM)’s stock price has dropped by -9.58 in relation to previous closing price of 0.36. Nevertheless, the company has seen a loss of -7.71% in its stock price over the last five trading days. newsfilecorp.com reported 2024-09-04 that Vancouver, British Columbia–(Newsfile Corp. – September 4, 2024) – ACME Lithium Inc. (CSE: ACME) (OTCQB: ACLHF) (the “Company”, or “ACME”) is pleased to provide an update on the exploration program at the Shatford Lake lithium project (the “Project”) in southeastern Manitoba. 2024 Exploration Program Snow Lake Energy (“Snow Lake”) (NASDAQ: LITM), together with Critical Discoveries, has designed a four-phase exploration program for 2024.
LITM Trading at -36.96% from the 50-Day Moving Average
After a stumble in the market that brought LITM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -82.69% of loss for the given period.
Volatility was left at 12.27%, however, over the last 30 days, the volatility rate increased by 21.57%, as shares sank -28.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -52.85% lower at present.
During the last 5 trading sessions, LITM fell by -7.71%, which changed the moving average for the period of 200-days by -47.58% in comparison to the 20-day moving average, which settled at $0.3840. In addition, Snow Lake Resources Ltd saw -72.18% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for LITM
The total capital return value is set at -0.0.
The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -8.04.
Currently, EBITDA for the company is -15.95 million with net debt to EBITDA at 2.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.32.
Conclusion
To sum up, Snow Lake Resources Ltd (LITM) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
