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 Monday, Snow Lake Resources Ltd [NASDAQ:LITM] saw its stock fall -8.82% to $0.38. Over the last five days, the stock has lost -19.79%. Snow Lake Resources Ltd shares have fallen nearly -60.81% since the year began. Nevertheless, the stocks have fallen -59.30% over the past one year. While a 52-week high of $1.88 was reached on 01/23/25, a 52-week low of $0.15 was recorded on 03/14/25. SMA at 50 days reached $0.5030, while 200 days put it at $0.4889.
Levels Of Support And Resistance For LITM Stock
The 24-hour chart illustrates a support level at 0.3404, which if violated will result in even more drops to 0.3046. On the upside, there is a resistance level at 0.4106. A further resistance level may holdings at 0.4450. The Relative Strength Index (RSI) on the 14-day chart is 37.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0378, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.37%. Stochastics %K at 16.69% indicates the stock is a buying.
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 2025-03-31, growing by 5.47 million shares to a total of 7.12 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 1.65 million shares. There was a rise of 76.83%, which implies that there is a positive sentiment for the stock.
