Snow Lake Resources Ltd. (NASDAQ:LITM – Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 75,100 shares, a growth of 12.1% from the October 15th total of 67,000 shares. Based on an average daily volume of 72,300 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.9% of the shares of the stock are sold short.
Snow Lake Resources Price Performance
Shares of NASDAQ:LITM traded up $0.05 during mid-day trading on Friday, reaching $0.75. The stock had a trading volume of 26,021 shares, compared to its average volume of 81,058. The business’s 50 day moving average price is $1.16 and its 200 day moving average price is $1.91. Snow Lake Resources has a 1 year low of $0.58 and a 1 year high of $3.47.
Institutional Trading of Snow Lake Resources
A number of large investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP purchased a new position in shares of Snow Lake Resources in the first quarter valued at $26,000. Renaissance Technologies LLC purchased a new position in shares of Snow Lake Resources in the 2nd quarter worth $27,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Snow Lake Resources in the 2nd quarter worth about $30,000. PEAK6 Investments LLC purchased a new stake in shares of Snow Lake Resources during the 2nd quarter valued at about $36,000. Finally, Virtu Financial LLC purchased a new stake in shares of Snow Lake Resources during the 4th quarter valued at about $53,000. Institutional investors own 2.92% of the company’s stock.
About Snow Lake Resources
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.
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