Market Watch: Snow Lake Resources Ltd (LITM)’s Noteworthy Gain, Closing at 4.1

Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.

As of close of business last night, Snow Lake Resources Ltd’s stock clocked out at $4.1, up 11.11% from its previous closing price of $3.69. In other words, the price has increased by $11.11 from its previous closing price. On the day, 0.53 million shares were traded. LITM stock price reached its highest trading level at $4.156 during the session, while it also had its lowest trading level at $3.8.

Ratios:

To gain a deeper understanding of LITM’s stock, we examine its different 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:

Investing in insider trades can also provide an investor with insight into how management views future 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 32075776 and an Enterprise Value of -4279991.

Stock Price History:

The Beta on a monthly basis for LITM is 0.51, which has changed by -0.38159877 over the last 52 weeks, in comparison to a change of 0.20799685 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 6.22%, while the 200-Day Moving Average is calculated to be -27.22%.

Shares Statistics:

It appears that LITM traded 743.05K shares on average per day over the past three months and 440120 shares per day over the past ten 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 1.91% stake in the company. Shares short for LITM as of 1752537600 were 334780 with a Short Ratio of 0.45, compared to 1749772800 on 640995. Therefore, it implies a Short% of Shares Outstanding of 334780 and a Short% of Float of 4.5900002.