Snow Lake Resources Stock Today
| LITM Stock | USD 0.20 0.02 11.11% |
Performance0 of 100
| Odds Of DistressOver 54
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Snow Lake is selling at 0.2 as of the 28th of November 2024; that is 11.11 percent increase since the beginning of the trading day. The stock's lowest day price was 0.17. Snow Lake has 54 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Snow Lake Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of June 2024 and ending today, the 28th of November 2024. Click here to learn more.
Business Domain Materials | IPO Date 19th of November 2021 | Category Basic Materials |
Snow Lake Resources Ltd., a natural resource exploration company, engages in the exploration and development of mineral resources in Canada. The company was incorporated in 2018 and is based in Winnipeg, Canada. Snow Lake is traded on NASDAQ Exchange in the United States. The company has 28.61 M outstanding shares of which 304.33 K shares are now shorted by private and institutional investors with about 0.68 trading days to cover. More on Snow Lake Resources
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Snow Stock Highlights
| Business Concentration | Diversified Metals & Mining, Other Industrial Metals & Mining, Basic Materials, NASDAQ Composite, Non-Metallic and Industrial Metal Mining, Materials, Metals & Mining, Other Industrial Metals & Mining, Basic Materials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||
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Financial Strength
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Debt LevelsSnow Lake can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Snow Lake's financial leverage. It provides some insight into what part of Snow Lake's total assets is financed by creditors.
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Snow Lake Resources (LITM) is traded on NASDAQ Exchange in USA. It is located in 360 Main Street, Winnipeg, MB, Canada, R3C 0V1 and employs 1 people. Snow Lake is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a current market capitalization of 5.64 M. Snow Lake Resources conducts business under Metals & Mining sector and is part of Materials industry. The entity has 28.61 M outstanding shares of which 304.33 K shares are now shorted by private and institutional investors with about 0.68 trading days to cover.
Snow Lake Resources currently holds about 23.79 M in cash with (3.74 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.33, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
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Ownership AllocationSnow Lake Resources shows a total of 28.61 Million outstanding shares. Snow Lake Resources maintains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
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Snow Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Cwm, Llc Duplicate | 2024-06-30 | 400 | |
| Bank Of America Corp | 2024-06-30 | 100.0 | |
| Xtx Topco Ltd | 2024-09-30 | 0.0 | |
| Deutsche Bank Ag | 2024-06-30 | 130 K | |
| Susquehanna International Group, Llp | 2024-06-30 | 16.4 K | |
| Two Sigma Securities, Llc | 2024-06-30 | 16 K | |
| Renaissance Technologies Corp | 2024-09-30 | 11.2 K | |
| Newbridge Financial Services Group, Inc. | 2024-06-30 | 11 K | |
| Ubs Group Ag | 2024-06-30 | 4.8 K | |
| Compagnie Lombard, Odier Sca | 2024-09-30 | 2.9 K | |
| Federation Des Caisses Desjardins Du Quebec | 2024-06-30 | 1.5 K |
Snow Lake Historical Income Statement
Snow Stock Against Markets
Snow Lake Corporate Management
| BCom BComm | Chief Officer | Profile | |
| Derek Knight | COO Sec | Profile | |
| Brian Youngs | Vice Exploration | Profile | |
| P MSc | VP Director | Profile | |
| Kyle Nazareth | Interim Officer | Profile | |
| Keith CPA | Chief Officer | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Snow Lake Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Snow Lake. If investors know Snow will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Snow Lake listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.24) | Return On Assets (0.13) | Return On Equity (0.29) |
The market value of Snow Lake Resources is measured differently than its book value, which is the value of Snow that is recorded on the company's balance sheet. Investors also form their own opinion of Snow Lake's value that differs from its market value or its book value, called intrinsic value, which is Snow Lake's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Snow Lake's market value can be influenced by many factors that don't directly affect Snow Lake's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Snow Lake's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snow Lake is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snow Lake's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.