Snow Lake Resources Ltd (NASDAQ:LITM) does about 23.56M shares in volume on a normal day but saw 109516356 shares change hands in the recent trading day. The company now has a market cap of 63.85M USD. Its current market price is $0.69, marking an increase of 14.13% compared to the previous close of $0.60. 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 $0.4561 and the current price is -63.53% off the 52-week high compared with 351.12% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.6637 and its 200-day simple moving average is $0.5171. If we look at the stock’s price movements over the week, volatility stands at 25.38%, which decreases to 18.14% 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 61.90 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 95.4% over the period.
The current price level is 50.33%, 3.32%, and 32.62% 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 73.64% over the week and 32.12% over the past month. Its price is -28.57% year-to-date and -25.47% 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 95.4 percent from here.
Outstanding shares total 93.11M with insiders holding 0.74% of the shares and institutional holders owning 3.89% of the company’s common stock. The beta has a value of 0.47. Price to book ratio is 0.76.
