LITM has 36-month beta value of 2.13. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for LITM is 21.12M, and currently, short sellers hold a 0.38% ratio of that float. The average trading volume of LITM on November 27, 2024 was 396.21K shares.
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LITM) stock’s latest price update
The stock price of Snow Lake Resources Ltd (NASDAQ: LITM) has dropped by -7.95 compared to previous close of 0.19. Despite this, the company has seen a fall of -21.74% in its stock price over the last five trading days. newsfilecorp.com reported 2024-11-14 that Winnipeg, Manitoba–(Newsfile Corp. – November 14, 2024) – Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) (“Snow Lake”), a uranium exploration company, announces positive preliminary results from the first eight reverse circulation drill holes on the Engo Valley Uranium Project in Namibia (the “Project”), and commencement of a winter drill program at the Snow Lake Lithium Project.
LITM’s Market Performance
Snow Lake Resources Ltd (LITM) has seen a -21.74% fall in stock performance for the week, with a -48.97% decline in the past month and a -49.57% plunge in the past quarter. The volatility ratio for the week is 12.06%, and the volatility levels for the past 30 days are at 14.90% for LITM. The simple moving average for the past 20 days is -34.50% for LITM’s stock, with a -72.81% simple moving average for the past 200 days.
LITM Trading at -39.14% 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 -88.27% of loss for the given period.
Volatility was left at 14.90%, however, over the last 30 days, the volatility rate increased by 12.06%, as shares sank -44.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -46.54% lower at present.
During the last 5 trading sessions, LITM fell by -19.96%, which changed the moving average for the period of 200-days by -82.35% in comparison to the 20-day moving average, which settled at $0.2689. In addition, Snow Lake Resources Ltd saw -84.96% 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 -0.11.
Currently, EBITDA for the company is -16.01 million with net debt to EBITDA at 3.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.32.
Conclusion
To put it simply, Snow Lake Resources Ltd (LITM) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
