Financial Survey: Snow Lake Resources (LITM) & Its Competitors

Snow Lake Resources (NASDAQ:LITM) is one of 75 public companies in the “Other Alt Energy” industry, but how does it contrast to its peers? We will compare Snow Lake Resources to similar businesses based on the strength of its dividends, profitability, risk, analyst recommendations, valuation, earnings and institutional ownership.

Profitability

This table compares Snow Lake Resources and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Snow Lake Resources	N/A	N/A	N/A
Snow Lake Resources Competitors	-27.37%	-21.31%	-3.67%

Valuation & Earnings

This table compares Snow Lake Resources and its peers revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Snow Lake Resources	N/A	-$11.46 million	-0.96
Snow Lake Resources Competitors	$18.52 billion	$321.02 million	-5.29

Snow Lake Resources’ peers have higher revenue and earnings than Snow Lake Resources. Snow Lake Resources is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Volatility & Risk

Snow Lake Resources has a beta of 0.52, meaning that its stock price is 48% less volatile than the S&P 500. Comparatively, Snow Lake Resources’ peers have a beta of -76.00, meaning that their average stock price is 7,700% less volatile than the S&P 500.

Insider & Institutional Ownership

0.2% of Snow Lake Resources shares are held by institutional investors. Comparatively, 41.6% of shares of all “Other Alt Energy” companies are held by institutional investors. 13.4% of Snow Lake Resources shares are held by company insiders. Comparatively, 16.7% of shares of all “Other Alt Energy” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Analyst Ratings

This is a summary of recent recommendations for Snow Lake Resources and its peers, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Snow Lake Resources	1	0	0	0	1.00
Snow Lake Resources Competitors	426	1179	1826	80	2.44

As a group, “Other Alt Energy” companies have a potential upside of 1.00%. Given Snow Lake Resources’ peers stronger consensus rating and higher probable upside, analysts plainly believe Snow Lake Resources has less favorable growth aspects than its peers.

Summary

Snow Lake Resources peers beat Snow Lake Resources on 8 of the 13 factors compared.

Snow Lake Resources Company Profile

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. The company was incorporated in 2018 and is based in Winnipeg, Canada.