Snow Lake Resources Ltd. (NASDAQ:LITM) Sees Significant Growth in Short Interest

Snow Lake Resources Ltd. (NASDAQ:LITM) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 2,240,000 shares, an increase of 231.2% from the December 15th total of 676,300 shares. Based on an average trading volume of 31,540,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 8.1% of the shares of the stock are sold short.

Snow Lake Resources Stock Up 0.0 %

Shares of NASDAQ LITM traded up $0.00 during midday trading on Thursday, hitting $0.88. 6,286,126 shares of the company’s stock were exchanged, compared to its average volume of 23,685,406. Snow Lake Resources has a 12-month low of $0.15 and a 12-month high of $1.88. The business’s fifty day moving average price is $0.46 and its two-hundred day moving average price is $0.44.

About Snow Lake Resources

Snow Lake Resources Ltd., a natural resource exploration company, engages in the exploration and development of mineral resources in Canada. The company explores for lithium mineral resources. Its flagship property is the Thomson Brothers and Grass River lithium projects located to Crowduck Bay Fault region.