Snow Lake Resources Ltd.

Snow Lake Resources Ltd.verified

LITM

Price:

$0.3197

Market Cap:

$8.88M

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 primary asset is the Thompson Brothers Lithium property, which consists of 38 contiguous mining claims located in Manitoba. The company was incorporated in 2018 and is based in Winnipeg, Canada. Snow Lake Resources Ltd. operates as a subsidiary of Nova Minerals Limited.[Read more]

Industry

Industrial Materials

IPO Date

2021-11-19

Stock Exchange

NASDAQ

Ticker

LITM

The Current Ratio as of September 2024 (TTM) for Snow Lake Resources Ltd. (LITM) is 2.32

According to Snow Lake Resources Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 2.32. This represents a change of 91.30% compared to the average of 1.21 of the last 4 quarters.

Snow Lake Resources Ltd. (LITM) Historical Current Ratio (quarterly & annually)

How has LITM Current Ratio performed in the past?

The mean historical Current Ratio of Snow Lake Resources Ltd. over the last ten years is 3.58. The current 2.32 Current Ratio has changed 6.38% with respect to the historical average. Over the past ten years (40 quarters), LITM's Current Ratio was at its highest in in the December 2022 quarter at 17.13. The Current Ratio was at its lowest in in the September 2019 quarter at 0.

Quarterly (TTM)
Annual

Average

3.58

Median

1.50

Minimum

0.29

Maximum

14.05

Snow Lake Resources Ltd. (LITM) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Snow Lake Resources Ltd. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 4.76%

Maximum Annual Current Ratio = 14.05

Minimum Annual Increase = -88.58%

Minimum Annual Current Ratio = 0.29

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.61-88.58%
202214.054.76%
20210.29-35.67%
20200.45-70.08%

Snow Lake Resources Ltd. (LITM) Average Current Ratio

How has LITM Current Ratio performed in the past?

The current Current Ratio of Snow Lake Resources Ltd. (LITM) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

5.32

5-year avg

3.58

10-year avg

3.58

Snow Lake Resources Ltd. (LITM) Current Ratio vs. Peers

How is LITM’s Current Ratio compared to its peers?

Snow Lake Resources Ltd.’s Current Ratio is less than Core Lithium Ltd (2.78), greater than Patriot Battery Metals Inc. (2.29), greater than Lomiko Metals Inc. (1.68), less than Vulcan Energy Resources Limited (4.14), less than Latin Resources Limited (7.33), greater than Alpha Copper Corp. (0.09), less than Anson Resources Limited (13.34), less than Ardea Resources Limited (3.60), less than European Metals Holdings Limited (29.73), less than Liontown Resources Limited (0), less than Sayona Mining Limited (5.36), less than Critical Elements Lithium Corporation (2.46), less than Lithium Americas Corp. (16.71), less than Piedmont Lithium Inc. (20.14), less than Standard Lithium Ltd. (2.85), greater than NioCorp Developments Ltd. (1.69), greater than Teck Resources Limited (0.05), greater than IGO Limited (1.48), less than Mineral Resources Limited (5.85), greater than IGO Limited (1.07), less than Grid Metals Corp. (5.85), greater than Century Cobalt Corp. (1.44), greater than null (0),

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