The 36-month beta value for LITM is at 2.10. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for LITM is 21.12M, and currently, shorts hold a 1.44% of that float. The average trading volume for LITM on December 03, 2024 was 436.83K shares.
LITM) stock’s latest price update
Snow Lake Resources Ltd (NASDAQ: LITM)’s stock price has increased by 14.94 compared to its previous closing price of 0.20. However, the company has seen a 20.35% increase in its stock price over the last five trading sessions. 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
LITM’s stock has risen by 20.35% in the past week, with a monthly drop of -34.98% and a quarterly drop of -33.59%. The volatility ratio for the week is 14.71% while the volatility levels for the last 30 days are 14.16% for Snow Lake Resources Ltd The simple moving average for the last 20 days is -4.64% for LITM stock, with a simple moving average of -63.55% for the last 200 days.
LITM Trading at -18.03% 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 -84.66% of loss for the given period.
Volatility was left at 14.16%, however, over the last 30 days, the volatility rate increased by 14.71%, as shares sank -25.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.36% lower at present.
During the last 5 trading sessions, LITM rose by +19.14%, which changed the moving average for the period of 200-days by -78.10% in comparison to the 20-day moving average, which settled at $0.2412. In addition, Snow Lake Resources Ltd saw -80.33% 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 -0.08.
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
In conclusion, Snow Lake Resources Ltd (LITM) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
