Snow Lake Resources (LITM) and Its Competitors Critical Survey

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

Valuation & Earnings

This table compares Snow Lake Resources and its competitors top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Snow Lake Resources	N/A	-$11.46 million	-0.64
Snow Lake Resources Competitors	$20.19 billion	$326.27 million	-0.65

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

Profitability

This table compares Snow Lake Resources and its competitors’ 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	-24.15%	-22.58%	-3.33%

Insider and Institutional Ownership

0.2% of Snow Lake Resources shares are held by institutional investors. Comparatively, 40.6% 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, 17.1% of shares of all “Other Alt Energy” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Volatility and Risk

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

Analyst Recommendations

This is a summary of current recommendations for Snow Lake Resources and its competitors, 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	449	1224	1865	83	2.44

As a group, “Other Alt Energy” companies have a potential upside of 14.78%. Given Snow Lake Resources’ competitors stronger consensus rating and higher possible upside, analysts clearly believe Snow Lake Resources has less favorable growth aspects than its competitors.

Summary

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

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