Snow Lake Resources Ltd [NASDAQ: LITM] stock went on an upward path that rose over 3.44% on Monday, amounting to a one-week price increase of more than 8.96%.
Over the last 12 months, LITM stock dropped by -59.05%.
The market cap for the stock reached $39.98 million, with 7.82 million shares outstanding and 7.82 million shares in the current float. Compared to the average trading volume of 739.24K shares, LITM stock reached a trading volume of 15992349 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Snow Lake Resources Ltd [LITM]:
The Price to Book ratio for the last quarter was 0.85, with the Price to Cash per share for the same quarter was set at 2.52.
LITM Stock Performance Analysis:
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 8.96. With this latest performance, LITM shares gained by 35.90% in over the last four-week period, additionally sinking by -8.31% over the last 6 months – not to mention a drop of -59.05% 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 66.97, with the RSI for the last a single of trading hit 0.47, and the three-weeks RSI is set at 0.42 for Snow Lake Resources Ltd [LITM]. The present Moving Average for the last 50 days of trading for this stock 4.09, while it was recorded at 4.70 for the last single week of trading, and 5.83 for the last 200 days.
Snow Lake Resources Ltd (LITM) Capital Structure & Debt Analysis
Snow Lake Resources Ltd (LITM) Efficiency & Liquidity Metrics
Based on Snow Lake Resources Ltd’s (LITM) latest financial statements, the Debt-to-Equity Ratio is 0.00%, indicating its reliance on debt financing relative to shareholder equity.
Snow Lake Resources Ltd (LITM) Efficiency & Liquidity Metrics
Snow Lake Resources Ltd [LITM] Institutonal Ownership Details
There are presently around $5.85%, or 5.89%% of LITM stock, in the hands of institutional investors. 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%.
