In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
The closing price of Snow Lake Resources Ltd (NASDAQ: LITM) was $0.89 for the day, down -5.21% from the previous closing price of $0.94. In other words, the price has decreased by -$5.21 from its previous closing price. On the day, 21.94 million shares were traded. LITM stock price reached its highest trading level at $0.9189 during the session, while it also had its lowest trading level at $0.7232.
Ratios:
Our analysis of LITM’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.32 and its Current Ratio is at 2.32. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 68021000 and an Enterprise Value of 15590794.
Stock Price History:
Over the past 52 weeks, LITM has reached a high of $1.88, while it has fallen to a 52-week low of $0.15. The 50-Day Moving Average of the stock is 146.49%, while the 200-Day Moving Average is calculated to be 54.59%.
Shares Statistics:
LITM traded an average of 31.40M shares per day over the past three months and 73375630 shares per day over the past ten days. A total of 28.61M shares are outstanding, with a floating share count of 21.12M. Insiders hold about 26.18% of the company’s shares, while institutions hold 17.78% stake in the company. Shares short for LITM as of 1734048000 were 676290 with a Short Ratio of 0.02, compared to 1731628800 on 304333. Therefore, it implies a Short% of Shares Outstanding of 676290 and a Short% of Float of 3.1.
