Snow Lake Resources Ltd (NASDAQ:LITM) Shares Plunges -25.54% In A Week – But Can It Keep Rising?

NOVA

In last trading session, Snow Lake Resources Ltd (NASDAQ:LITM) saw 12.12 million shares changing hands with its beta currently measuring 0.68. Company’s recent per share price level of $0.71 trading at -$0.21 or -22.30% at ring of the bell on the day assigns it a market valuation of $54.62M. That closing price of LITM’s stock is at a discount of -164.79% from its 52-week high price of $1.88 and is indicating a premium of 78.87% from its 52-week low price of $0.15. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 62.12 million shares which gives us an average trading volume of 32.19 million if we extend that period to 3-months.

Snow Lake Resources Ltd (NASDAQ:LITM) trade information

Upright in the red during last session for losing -22.30%, in the last five days LITM remained trading in the red while hitting it’s week-highest on Monday, 01/06/25 when the stock touched $0.71 price level, adding 34.86% to its value on the day. Snow Lake Resources Ltd’s shares saw a change of -25.54% in year-to-date performance and have moved -25.54% in past 5-day. Snow Lake Resources Ltd (NASDAQ:LITM) showed a performance of 328.28% in past 30-days. Number of shares sold short was 0.68 million shares which calculate 0.31 days to cover the short interests.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -28.50% during past 5 years.

Snow Lake Resources Ltd (NASDAQ:LITM)’s Major holders

DEUTSCHE BANK AG is the top institutional holder at LITM for having 0.13 million shares of worth $92300.0. And as of 2024-06-30, it was holding 0.6386 of the company’s outstanding shares.

The second largest institutional holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP, which was holding about 16366.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.0804 of outstanding shares, having a total worth of $11702.0.