Snow Lake Resources Stock Today

LITM Stock  USD 0.84  0.02  2.33%   


0 of 100

Very Weak

Odds Of Distress

Over 59

Above Average
Snow Lake is selling at 0.84 as of the 21st of May 2024; that is -2.33 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.83. Snow Lake has over 59 % chance of experiencing financial distress in the next 2 years of operation and has generated negative returns for 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 23rd of November 2023 and ending today, the 21st of May 2024. Click here to learn more.
Business Domain
IPO Date
30th of November 0030
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 21.27 M outstanding shares of which 23.79 K shares are now shorted by private and institutional investors with about 0.37 trading days to cover. More on Snow Lake Resources

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Snow Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Snow Lake's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Snow Lake or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic IdeaNon-Metallic and Industrial Metal Mining (View all Themes)
Business ConcentrationDiversified 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)
Average Analyst Recommendation
Analysts covering Snow Lake report their recommendations after researching Snow Lake's financial statements, talking to executives and customers, or listening in on Snow Lake's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Snow Lake Resources. The Snow consensus assessment is calculated by taking the average forecast from all of the analysts covering Snow Lake.
Financial Strength
Based on the measurements of operating efficiency obtained from Snow Lake's historical financial statements, Snow Lake Resources may be sliding down financialy. It has an above-average likelihood of going through some form of financial trouble next quarter. Financial strength of Snow Lake Resources is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Total Current Liabilities3.7 M3.5 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total34 K35.8 K
Notably Down
Very volatile
Total Assets17.8 M30.4 M
Way Down
Slightly volatile
Total Current Assets6.9 M5.7 M
Fairly Up
Slightly volatile
Snow Lake's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Snow Lake's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to 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.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Snow Lake's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Snow Lake deploys its capital and how much of that capital is borrowed.
Snow Lake cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 61.03 K in liabilities with Debt to Equity (D/E) ratio of 0.01, which may suggest the company is not taking enough advantage from borrowing. Snow Lake Resources has a current ratio of 13.77, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Snow Lake until it has trouble settling it off, either with new capital or with free cash flow. So, Snow Lake's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Snow Lake Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Snow to invest in growth at high rates of return. When we think about Snow Lake's use of debt, we should always consider it together with cash and equity.

Begin Period Cash Flow

28.73 Million
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 'Micro-Cap' category with a current market capitalization of 18.29 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Snow Lake's market, we take the total number of its shares issued and multiply it by Snow Lake's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Snow Lake Resources conducts business under Metals & Mining sector and is part of Materials industry. The entity has 21.27 M outstanding shares of which 23.79 K shares are now shorted by private and institutional investors with about 0.37 trading days to cover. Snow Lake Resources currently holds about 23.79 M in cash with (10.3 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.
Check Snow Lake Probability Of Bankruptcy
Ownership Allocation
Snow Lake Resources shows a total of 21.27 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. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. 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.
Check Snow Ownership Details

Snow Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Snow Lake that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Snow Lake's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Snow Lake's value.
InstituionRecorded OnShares
Altium Capital Management, Lp2023-12-31
Maven Securities Ltd2023-12-31
Koshinski Asset Management Inc2023-12-31
Guild Investment Management Inc2023-12-31
Bard Associates Inc2023-12-31
Peak6 Investments Lp2023-09-30
Cwm, Llc Duplicate2023-12-31
Two Sigma Securities, Llc2023-12-31
Walleye Trading Advisors, Llc2023-12-31
Xtx Topco Ltd
18.9 K
Newbridge Financial Services Group, Inc.2023-12-31
11 K
View Snow Lake Diagnostics

Snow Lake Historical Income Statement

Snow Lake Resources Income Statement is one of the three primary financial statements used for reporting Snow's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Snow Lake Resources revenue and expense. Snow Lake Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Snow Lake's Selling General Administrative is very stable compared to the past year. As of the 21st of May 2024, Other Operating Expenses is likely to grow to about 19.3 M, while Depreciation And Amortization is likely to drop 2,884. View More Fundamentals

Snow Stock Against Markets

Picking the right benchmark for Snow Lake stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Snow Lake stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Snow Lake is critical whether you are bullish or bearish towards Snow Lake Resources at a given time. Please also check how Snow Lake's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Snow Lake without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Snow Lake Corporate Management

Elected by the shareholders, the Snow Lake's board of directors comprises two types of representatives: Snow Lake inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Snow. The board's role is to monitor Snow Lake's management team and ensure that shareholders' interests are well served. Snow Lake's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Snow Lake's outside directors are responsible for providing unbiased perspectives on the board's policies.
BCom BCommChief OfficerProfile
Derek KnightCOO SecProfile
Brian YoungsVice ExplorationProfile
P MScVP DirectorProfile
Keith CPAChief OfficerProfile
Philip GrossCEO ChairmanProfile

How to buy Snow Stock?

Before investing in Snow Lake, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Snow Lake. To buy Snow Lake stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Snow Lake. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Snow Lake stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Snow Lake Resources stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Snow Lake Resources stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Snow Lake Resources, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Snow Stock please use our How to Invest in Snow Lake guide.

Already Invested in Snow Lake Resources?

The danger of trading Snow Lake Resources is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Snow Lake is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Snow Lake. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Snow Lake Resources is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Snow Lake Resources is a strong investment it is important to analyze Snow Lake's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Snow Lake's future performance. For an informed investment choice regarding Snow Stock, refer to the following important reports:
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 tightly coupled with the direction of predictive economic indicators such as signals in estimate.
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Is Snow Lake's industry 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
Return On Assets
Return On Equity
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.