Snow Lake Resources Ltd. (NASDAQ:LITM – Get a rating) benefited from strong growth in short-term interest during the month of April. As of April 15, there were short interests totaling 203,600 shares, a growth of 152.0% from the March 31 total of 80,800 shares. Based on an average daily volume of 520,200 shares, the short interest ratio is currently 0.4 days.
A number of hedge funds have recently increased or reduced their stakes in the company. JS Capital Management LLC acquired a new stake in Snow Lake Resources in Q4 for a value of approximately $202,841,000. murchinson ltd. acquired a new stake in Snow Lake Resources in the 4th quarter for a value of approximately $595,000. Kepos Capital LP acquired a new stake in Snow Lake Resources in Q4 for a value of approximately $576,000. Finally, Citadel Advisors LLC purchased a new equity stake in Snow Lake Resources during Q4 for $81,000.
LITM-share opened at $4.74 on Friday. Snow Lake Resources has a 1-year low of $4.24 and a 1-year high of $18.42. The stock has a 50-day moving average price of $6.77.
About Snow Lake Resources (Get a rating)
Snow Lake Resources Ltd., a natural resource exploration company, is engaged in the exploration and development of mineral resources in Canada. The Company explores lithium mineral resources. Its main asset is the Thompson Brothers Lithium property, which consists of 38 contiguous mining claims located in Manitoba.
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