Snow Lake Resources Ltd (NASDAQ: LITM) Surprises Bears, Looks Strong In The Long Term

In the last trading session, 2.99 million Snow Lake Resources Ltd (NASDAQ:LITM) shares changed hands as the company’s beta touched 0.70. With the company’s per share price at $0.43 changed hands at $0.0 or 0.33% during last session, the market valuation stood at $40.05M. LITM’s last price was a discount, traded about -337.21% off its 52-week high of $1.88. The share price had its 52-week low at $0.15, which suggests the last value was 65.12% up since then. When we look at Snow Lake Resources Ltd’s average trading volume, we note the 10-day average is 4.78 million shares, with the 3-month average coming to 15.27 million.

Snow Lake Resources Ltd (NASDAQ:LITM) trade information

Instantly LITM was in green as seen at the end of in last trading. With action -16.44%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -55.20%, with the 5-day performance at -16.44% in the red. However, in the 30-day time frame, Snow Lake Resources Ltd (NASDAQ:LITM) is 2.85% up. Looking at the short shares, we see there were 1.49 million shares sold at short interest cover period of 0.31 days.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -28.50%.

LITM Dividends

Snow Lake Resources Ltd is expected to release its next quarterly earnings report in May.

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

If we look at who the major shareholders are, we find that insiders hold 0.74% of Snow Lake Resources Ltd shares while 3.89% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 3.92%. There are 3.89% institutions holding the Snow Lake Resources Ltd stock share, with DEUTSCHE BANK AG the top institutional holder. As of 2024-06-30, the company held 0.6386% of the shares, roughly 0.13 million LITM shares worth $92300.0.

SUSQUEHANNA INTERNATIONAL GROUP, LLP holds the second largest percentage of outstanding shares, with 0.0804% or 16366.0 shares worth $11702.0 as of 2024-06-30.

With 12.05 shares estimated at $5184.0 under it, the former controlled 0.02% of total outstanding shares.