Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Snow Lake Resources Ltd (NASDAQ: LITM) closed at $3.3 down -8.08% from its previous closing price of $3.59. In other words, the price has decreased by -$8.08 from its previous closing price. On the day, 0.81 million shares were traded. LITM stock price reached its highest trading level at $3.65 during the session, while it also had its lowest trading level at $3.3.
Ratios:
For a deeper understanding of Snow Lake Resources Ltd’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 51102912 and an Enterprise Value of 9379064.
Stock Price History:
The Beta on a monthly basis for LITM is 0.53, which has changed by 0.20066893 over the last 52 weeks, in comparison to a change of 0.1476624 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 -22.49%, while the 200-Day Moving Average is calculated to be -32.22%.
Shares Statistics:
For the past three months, LITM has traded an average of 1.88M shares per day and 695420 over the past ten days. A total of 8.75M shares are outstanding, with a floating share count of 8.75M. Insiders hold about 0.00% of the company’s shares, while institutions hold 4.67% stake in the company. Shares short for LITM as of 1761868800 were 645171 with a Short Ratio of 0.34, compared to 1759190400 on 754358. Therefore, it implies a Short% of Shares Outstanding of 645171 and a Short% of Float of 7.84.
