Snow Lake Resources Ltd. (NASDAQ:LITM) Sees Large Increase in Short Interest

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

Snow Lake Resources Trading Down 7.2 %

Snow Lake Resources stock traded down $0.07 on Wednesday, hitting $0.84. The company’s stock had a trading volume of 6,479,634 shares, compared to its average volume of 20,842,686. Snow Lake Resources has a one year low of $0.15 and a one year high of $1.88. The company has a fifty day moving average price of $0.60 and a 200-day moving average price of $0.47.

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.