Snow Lake Resources Ltd (NASDAQ: LITM) Recovers 531.58% From 52-Week Low, Is LITM Still A High-Risk, High-Reward Play?

Snow Lake Resources Ltd (NASDAQ:LITM) currently has a daily average trading volume of 30.37M but it saw 45438786 shares traded in last market. With a market cap of 56.84M USD, the company’s current market price of $0.96 came rising about 2.67 while comparing to the previous closing price of $0.94. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.88 and as low as $0.15. In the recent trading on the day, stock has struck highest price mark of $0.78 while lowest mark touched by it was $1.1611.

Taking a look at 20-day trading activity of Snow Lake Resources Ltd (LITM) gives us an average price of $0.4374, while its current price level is -48.94% below from 52-week high level whereas it is 531.58% 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 $0.3362 while that of 200 days or SMA-200 reads an average of $0.5757. A closer look into the stock’s movement over the week reveals that its volatility is standing at 53.09% during that period while stretching the period over a month that decreases to 38.13%. 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 60.16 which implies that the stock is in neutral territory.

Over the week, LITM’s stock price is moving 150.85% up while it is 370.82% when we observe its performance for the past one month. Year-to-date it is -17.95% down and over the past year, the stock is showing a downside performance of -17.95%.

Currently, Snow Lake Resources Ltd’s total number of outstanding shares is 28.61M. Stock’s beta reads 0.89. Stock has a price to book (P/B) ratio of 1.06.