Snow Lake Resources Ltd (NASDAQ:LITM) does about 35.49M shares in volume on a normal day but saw 25451635 shares change hands in the recent trading day. The company now has a market cap of 87.88M USD. Its current market price is $1.15, marking an increase of 29.23% compared to the previous close of $0.89. The 52 week high reached by this stock is $1.88 whilst the lowest price level in 52 weeks is $0.15.
Snow Lake Resources Ltd (LITM) has a 20-day trading average at $0.8260 and the current price is -38.83% off the 52-week high compared with 656.58% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.4708 and its 200-day simple moving average is $0.5740. If we look at the stock’s price movements over the week, volatility stands at 19.41%, which increases to 41.09% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 63.60 to suggest the stock is neutral.
The consensus objective for the share price is $15.00, suggesting that the stock has a potential upside of 92.33% over the period.
The current price level is 39.23%, 144.25%, and 100.35% away from its SMA20, SMA50, and SMA200 respectively, with the LITM price moving below the 50-day SMA on current market day. Snow Lake Resources Ltd (LITM) stock is up 48.37% over the week and 528.42% over the past month. Its price is 19.79% year-to-date and -0.86% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to grow 92.33 percent from here.
Outstanding shares total 28.61M with insiders holding 0.90% of the shares and institutional holders owning 13.21% of the company’s common stock. The beta has a value of 0.66. Price to book ratio is 1.27.
