Snow Lake Resources Ltd (NASDAQ: LITM) Emerges As Guiding Light For Investors

Snow Lake Resources Ltd (NASDAQ:LITM) currently has a daily average trading volume of 915.90K but it saw 1896502 shares traded in last market. With a market cap of 4.73M USD, the company’s current market price of $0.17 came falling about -5.82 while comparing to the previous closing price of $0.18. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.50 and as low as $0.16. In the recent trading on the day, stock has struck highest price mark of $0.1611 while lowest mark touched by it was $0.19.

Taking a look at 20-day trading activity of Snow Lake Resources Ltd (LITM) gives us an average price of $0.2018, while its current price level is -88.99% below from 52-week high level whereas it is 1.72% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.2638 while that of 200 days or SMA-200 reads an average of $0.6038. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.84% during that period while stretching the period over a month that increases to 18.54%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 32.99 which implies that the stock is in neutral territory.

Over the week, LITM’s stock price is moving -7.14% down while it is -44.34% when we observe its performance for the past one month. Year-to-date it is -85.88% down and over the past year, the stock is showing a downside performance of -64.32%.

Currently, Snow Lake Resources Ltd’s total number of outstanding shares is 28.61M. Stock’s beta reads 2.11. Stock has a price to book (P/B) ratio of 0.18.