Snow Lake Resources (LITM) Stock Price, News & Analysis

Company Overview

Snow Lake Resources Ltd. (NASDAQ: LITM) is a Vancouver-based exploration and development company specializing in lithium resources. The company’s principal asset, the Snow Lake Project, is located in Quebec’s Eeyou Istchee James Bay territory and adjacent parts of Manitoba, Canada. Snow Lake Resources is publicly traded on the Nasdaq Capital Market, where it pursues the advancement of its flagship spodumene deposit toward commercial production.

The Snow Lake Project holds a significant inferred and indicated lithium mineral resource hosted within pegmatite dykes. Following the completion of an initial Technical Report under National Instrument 43-101 standards, the company has undertaken systematic drilling campaigns, metallurgical test work, and environmental baseline studies. Snow Lake Resources aims to establish a scalable concentrator operation capable of producing high-purity lithium concentrate suitable for downstream battery-grade chemical conversion.

With lithium demand driven by the global transition to electric vehicles and energy storage systems, Snow Lake Resources is positioned to serve North American and international battery manufacturers. The company’s development strategy focuses on optimizing project economics, securing offtake agreements, and advancing feasibility and permitting processes. Snow Lake intends to leverage regional infrastructure, including power and road networks, to streamline project execution and reduce capital requirements.

Led by a management team with combined expertise in resource development, engineering and capital markets, Snow Lake Resources maintains a commitment to environmental stewardship and community engagement. The company collaborates with local stakeholders and Indigenous partners to ensure responsible exploration and development practices. With a clear pathway toward pilot-scale production and an emphasis on sustainable operations, Snow Lake Resources aims to become a reliable supplier of lithium feedstock for the burgeoning battery industry.

Key Stats

• Today's Range: $3.62 to $3.85
• 50-Day Range: $3.62 to $5.01
• 52-Week Range: $1.98 to $24.44
• Volume: 137,599 shs
• Average Volume: 289,065 shs
• Market Capitalization: $29.40 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Snow Lake Resources Stock Analysis - MarketRank™

Snow Lake Resources scored higher than 7% of companies evaluated by MarketBeat, and ranked 262nd out of 268 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Snow Lake Resources.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Book Value per Share Ratio

Snow Lake Resources has a P/B Ratio of 0.28. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.83% of the float of Snow Lake Resources has been sold short.

Short Interest Ratio / Days to Cover

Snow Lake Resources has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Snow Lake Resources has recently increased by 26.39%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Snow Lake Resources does not currently pay a dividend.

Dividend Growth

Snow Lake Resources does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.83% of the float of Snow Lake Resources has been sold short.

Short Interest Ratio / Days to Cover

Snow Lake Resources has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Snow Lake Resources has recently increased by 26.39%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

Search Interest

Only 4 people have searched for LITM on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

MarketBeat Follows

2 people have added Snow Lake Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Snow Lake Resources insiders have not sold or bought any company stock.

Percentage Held by Insiders

13.35% of the stock of Snow Lake Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 0.24% of the stock of Snow Lake Resources is held by institutions.

LITM Stock Analysis - Frequently Asked Questions

How have LITM shares performed this year?

Snow Lake Resources' stock was trading at $12.48 at the beginning of the year. Since then, LITM stock has decreased by 69.9% and is now trading at $3.76.

How were Snow Lake Resources' earnings last quarter?

Snow Lake Resources Ltd. (NASDAQ:LITM) issued its earnings results on Thursday, April, 10th. The company reported ($0.13) earnings per share (EPS) for the quarter.

When did Snow Lake Resources' stock split?

Snow Lake Resources's stock reverse split before market open on Friday, May 2nd 2025.A 1-13 reverse split was announced. The number of shares owned by shareholders was adjusted after the market closes on Thursday, May 1st 2025. An investor that had 100 shares of stock prior to the reverse split would have 8 shares after the split.

When did Snow Lake Resources IPO?

Snow Lake Resources (LITM) raised $22 million in an IPO on Friday, November 19th 2021. The company issued 3,200,000 shares at a price of $6.50-$7.50 per share.

Who are Snow Lake Resources' major shareholders?

Top institutional shareholders of Snow Lake Resources include Group One Trading LLC.

How do I buy shares of Snow Lake Resources?

Shares of LITM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Snow Lake Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Snow Lake Resources investors own include HubSpot (HUBS), Meta Platforms (META), Tesla (TSLA), NVIDIA (NVDA), ConocoPhillips (COP), Energy Transfer (ET).

Company Calendar

• Last Earnings: 4/10/2025
• Today: 9/06/2025
• Fiscal Year End: 6/30/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Energy
• Industry: Other Alt Energy
• Sub-Industry: Non-Metallic And Industrial Metal Mining
• Current Symbol: NASDAQ:LITM
• CIK: 1769697
• Web: snowlakelithium.com
• Phone: (519) 909-8745
• Fax: N/A
• Employees: 1
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.69
• Quick Ratio: 2.69

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $13.46 per share
• Price / Book: 0.28

Miscellaneous

• Outstanding Shares: 7,820,000
• Free Float: 6,779,000
• Market Cap: $29.40 million
• Optionable: Optionable
• Beta: 0.51