Technical Outlook And Game Plan For Snow Lake Resources Ltd (NASDAQ: LITM)

Snow Lake Resources Ltd (LITM) concluded trading on Wednesday at a closing price of $0.82, with 1.2 billion shares of worth about $981.16 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 10.74% during that period and on December 18, 2024 the price saw a gain of about 347.81%. Currently the company’s common shares owned by public are about 28.61M shares, out of which, 21.12M shares are available for trading.

Stock saw a price change of 396.07% in past 5 days and over the past one month there was a price change of 272.50%. Year-to-date (YTD), LITM shares are showing a performance of -29.96% which increased to 46.98% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.15 but also hit the highest price of $1.50 during that period. The average intraday trading volume for Snow Lake Resources Ltd shares is 1.01 million. The stock is currently trading 277.65% above its 20-day simple moving average (SMA20), while that difference is up 213.33% for SMA50 and it goes to 40.42% higher than SMA200.

Snow Lake Resources Ltd (NASDAQ: LITM) currently have 28.61M outstanding shares and institutions hold larger chunk of about 0.74% of that.

The stock has a current market capitalization of $23.47M and its 3Y-monthly beta is at 2.10. It has Quick Ratio of 2.32 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LITM, volatility over the week remained 43.10% while standing at 23.86% over the month.

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