In a filing, Snow Lake Resources Ltd revealed 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 jump 4.53% to $0.81. Over the last five days, the stock has lost -17.33%. Snow Lake Resources Ltd shares have fallen nearly -15.60% since the year began. Nevertheless, the stocks have fallen -35.18% 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 01/13/25. SMA at 50 days reached $0.4216, while 200 days put it at $0.5740.
Levels Of Support And Resistance For LITM Stock
The 24-hour chart illustrates a support level at 0.7538, which if violated will result in even more drops to 0.6974. On the upside, there is a resistance level at 0.8778. A further resistance level may holdings at 0.9454. The Relative Strength Index (RSI) on the 14-day chart is 54.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1060, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.02%. Stochastics %K at 28.58% 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 2024-12-31, growing by 2.23 million shares to a total of 2.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 6746.0 shares. There was a rise of 99.7%, which implies that there is a positive sentiment for the stock.
