Snow Lake Resources (NASDAQ:LITM) Trading Down 7.3% – Time to Sell?

Snow Lake Resources Ltd. (NASDAQ:LITM) shares traded down 7.3% during trading on Wednesday . The stock traded as low as $0.55 and last traded at $0.57. 5,981,258 shares were traded during mid-day trading, a decline of 64% from the average session volume of 16,537,719 shares. The stock had previously closed at $0.62.

Snow Lake Resources Trading Down 7.3 %

The business’s fifty day simple moving average is $0.76 and its 200-day simple moving average is $0.47.

Institutional Trading of Snow Lake Resources

Institutional investors and hedge funds have recently bought and sold shares of the company. United Capital Management of KS Inc. purchased a new position in Snow Lake Resources in the fourth quarter worth $34,000. Renaissance Technologies LLC boosted its position in Snow Lake Resources by 284.8% during the fourth quarter. Renaissance Technologies LLC now owns 43,100 shares of the company’s stock valued at $41,000 after buying an additional 31,900 shares during the period. Two Sigma Securities LLC grew its stake in shares of Snow Lake Resources by 81.7% during the fourth quarter. Two Sigma Securities LLC now owns 44,635 shares of the company’s stock valued at $43,000 after buying an additional 20,069 shares during the last quarter. Virtu Financial LLC lifted its stake in shares of Snow Lake Resources by 308.7% in the 4th quarter. Virtu Financial LLC now owns 66,576 shares of the company’s stock valued at $64,000 after acquiring an additional 50,285 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Snow Lake Resources during the 4th quarter valued at about $72,000. 0.24% of the stock is currently owned by hedge funds and other institutional investors.

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.