Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of Snow Lake Resources Ltd (NASDAQ: LITM) closed at $4.89 in the last session, up 4.71% from day before closing price of $4.67. In other words, the price has increased by $4.71 from its previous closing price. On the day, 0.99 million shares were traded. LITM stock price reached its highest trading level at $4.8975 during the session, while it also had its lowest trading level at $4.67.
Ratios:
We take a closer look at LITM’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.69 and its Current Ratio is at 2.69. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 30 ’24 when Nova Minerals Limited bought 6,600,000 shares for $1.60 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LITM now has a Market Capitalization of 38256228 and an Enterprise Value of 363965.
Stock Price History:
The Beta on a monthly basis for LITM is 0.53, which has changed by 0.35795617 over the last 52 weeks, in comparison to a change of 0.16845357 over the same period for the S&P500. Over the past 52 weeks, LITM has reached a high of $24.44, while it has fallen to a 52-week low of $1.98. The 50-Day Moving Average of the stock is 18.96%, while the 200-Day Moving Average is calculated to be -15.83%.
Shares Statistics:
According to the various share statistics, LITM traded on average about 1.01M shares per day over the past 3-months and 2491000 shares per day over the past 10 days. A total of 7.82M shares are outstanding, with a floating share count of 7.82M. Insiders hold about 0.00% of the company’s shares, while institutions hold 5.03% stake in the company. Shares short for LITM as of 1757894400 were 237619 with a Short Ratio of 0.24, compared to 1755216000 on 299254. Therefore, it implies a Short% of Shares Outstanding of 237619 and a Short% of Float of 3.25.
