Snow Lake Resources (LITM) Stock Price, News & Analysis

Company Overview

Snow Lake Resources Ltd., a natural resource exploration company, engages in the exploration and development of mineral resources in Canada. The company explores for lithium mineral resources. Its flagship property is the Thomson Brothers and Grass River lithium projects located to Crowduck Bay Fault region. The company was incorporated in 2018 and is based in Winnipeg, Canada.

Key Stats

• Today's Range: $0.27 to $0.30
• 50-Day Range: $0.26 to $0.47
• 52-Week Range: $0.25 to $1.50
• Volume: 105,670 shs
• Average Volume: 174,342 shs
• Market Capitalization: $5.40 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Snow Lake Resources Stock Analysis - MarketRank™

Snow Lake Resources scored higher than 28% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Snow Lake Resources.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Book Value per Share Ratio

Snow Lake Resources has a P/B Ratio of 0.31. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.06% of the float of Snow Lake Resources has been sold short.

Short Interest Ratio / Days to Cover

Snow Lake Resources has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Snow Lake Resources has recently decreased by 54.38%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Snow Lake Resources does not currently pay a dividend.

Dividend Growth

Snow Lake Resources does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.06% of the float of Snow Lake Resources has been sold short.

Short Interest Ratio / Days to Cover

Snow Lake Resources has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Snow Lake Resources has recently decreased by 54.38%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.72

News Sentiment

Snow Lake Resources has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Snow Lake Resources this week, compared to 0 articles on an average week.

MarketBeat Follows

Only 1 people have added Snow Lake Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Snow Lake Resources insiders have not sold or bought any company stock.

Percentage Held by Insiders

13.35% of the stock of Snow Lake Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 0.24% of the stock of Snow Lake Resources is held by institutions.

LITM Stock Analysis - Frequently Asked Questions

How have LITM shares performed this year?

Snow Lake Resources' stock was trading at $1.17 at the beginning of the year. Since then, LITM stock has decreased by 74.6% and is now trading at $0.2972.
View the best growth stocks for 2024 here.

When did Snow Lake Resources IPO?

Snow Lake Resources (LITM) raised $22 million in an initial public offering on Friday, November 19th 2021. The company issued 3,200,000 shares at a price of $6.50-$7.50 per share.

How do I buy shares of Snow Lake Resources?

Shares of LITM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Snow Lake Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Snow Lake Resources investors own include HubSpot (HUBS), Meta Platforms (META), Tesla (TSLA), NVIDIA (NVDA), ConocoPhillips (COP), Domino's Pizza (DPZ) and Energy Transfer (ET).

Company Calendar

• Today: 10/17/2024
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Miscellaneous metal ores
• Sub-Industry: Non-Metallic And Industrial Metal Mining
• Current Symbol: NASDAQ:LITM
• CUSIP: N/A
• CIK: 1769697
• Web: snowlakelithium.com
• Phone: (519) 909-8745
• Fax: N/A
• Employees: 1
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.96 per share
• Price / Book: 0.31

Miscellaneous

• Outstanding Shares: 18,186,000
• Free Float: 24,081,000
• Market Cap: $5.40 million
• Optionable: Optionable
• Beta: 2.43