Snow Lake Resources Ltd’s recently made public that its Greater than 10% holder Nova Minerals Limited acquired Company’s shares for reported $10.56 million on Dec 30 ’24. In the deal valued at $1.60 per share,6,600,000 shares were bought.
Price Performance Review of LITM
On Tuesday, Snow Lake Resources Ltd [NASDAQ:LITM] saw its stock fall -6.12% to $0.92. Over the last five days, the stock has lost -1.60%. Snow Lake Resources Ltd shares have fallen nearly -4.17% since the year began. Nevertheless, the stocks have fallen -14.02% over the past one year. While a 52-week high of $1.88 was reached on 01/06/25, a 52-week low of $0.15 was recorded on 01/03/25. SMA at 50 days reached $0.3880, while 200 days put it at $0.5761.
Levels Of Support And Resistance For LITM Stock
The 24-hour chart illustrates a support level at 0.8400, which if violated will result in even more drops to 0.7600. On the upside, there is a resistance level at 0.9900. A further resistance level may holdings at 1.0600. The Relative Strength Index (RSI) on the 14-day chart is 58.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1626, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.87%. Stochastics %K at 44.86% indicates the stock is a holding.
How much short interest is there in Snow Lake Resources Ltd?
A steep rise in short interest was recorded in Snow Lake Resources Ltd stocks on 2024-12-13, growing by 0.37 million shares to a total of 0.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 0.3 million shares. There was a rise of 55.0%, which implies that there is a positive sentiment for the stock.
