Snow Lake Resources Ltd [NASDAQ: LITM] jumped around 0.07 points on Friday, while shares priced at $0.37 at the close of the session, up 21.55%.
Compared to the average trading volume of 20.93M shares, LITM reached a trading volume of 46811554 in the most recent trading day, which is why market watchdogs consider the stock to be active.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
What do top market gurus say about Snow Lake Resources Ltd [LITM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LITM shares is $15.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LITM stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Snow Lake Resources Ltd is set at 0.12 The Price to Book ratio for the last quarter was 0.41, with the Price to Cash per share for the same quarter was set at 0.07.
How has LITM stock performed recently?
Snow Lake Resources Ltd [LITM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 123.90. With this latest performance, LITM shares gained by 73.70% in over the last four-week period, additionally sinking by -50.38% over the last 6 months – not to mention a drop of -41.71% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LITM stock in for the last two-week period is set at 54.59, with the RSI for the last a single of trading hit 54.73, and the three-weeks RSI is set at 53.96 for Snow Lake Resources Ltd [LITM]. The present Moving Average for the last 50 days of trading for this stock 0.2634, while it was recorded at 0.3655 for the last single week of trading, and 0.5765 for the last 200 days.
Snow Lake Resources Ltd [LITM]: Deeper insight into the fundamentals
Snow Lake Resources Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.32 and a Current Ratio set at 2.32.
Insider trade positions for Snow Lake Resources Ltd [LITM]
The top three institutional holders of LITM stocks are: DEUTSCHE BANK AG with ownership of 0.13 million shares, which is approximately 0.6386%. SUSQUEHANNA INTERNATIONAL GROUP, LLP, holding 16366.0 shares of the stock with an approximate value of $$11702.0 in LITM stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $$11399.0 in LITM stock with ownership which is approximately 0.0786%.
