The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The closing price of Snow Lake Resources Ltd (NASDAQ: LITM) was $0.67 for the day, down -2.30% from the previous closing price of $0.69. In other words, the price has decreased by -$2.30 from its previous closing price. On the day, 16.49 million shares were traded. LITM stock price reached its highest trading level at $0.74 during the session, while it also had its lowest trading level at $0.6204.
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 62374056 and an Enterprise Value of 16670727.
Stock Price History:
The Beta on a monthly basis for LITM is 0.35, which has changed by -0.21083629 over the last 52 weeks, in comparison to a change of 0.10838497 over the same period for the S&P500. 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 1.08%, while the 200-Day Moving Average is calculated to be 29.87%.
Shares Statistics:
LITM traded an average of 25.00M shares per day over the past three months and 35093310 shares per day over the past ten days. A total of 93.11M shares are outstanding, with a floating share count of 92.22M. Insiders hold about 0.96% of the company’s shares, while institutions hold 3.87% stake in the company. Shares short for LITM as of 1740700800 were 1649003 with a Short Ratio of 0.07, compared to 1738281600 on 847120. Therefore, it implies a Short% of Shares Outstanding of 1649003 and a Short% of Float of 1.91.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
