LITP Stock Summary and Trading Ideas (Sprott Lithium Miners ETF | NASDAQ:LITP)

Sprott Lithium Miners ETF (Nasdaq: LITP) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Lithium Miners Index (NSLITP). The Index is designed to track the performance of a selection of global securities in the lithium industry, including lithium producers, developers, and explorers. The Index is designed to track the performance of companies that derive at least 50% of their revenue and/or assets from mining, exploration, development, or production of lithium. The Index generally consists of from 40 to 50 constituents.

Sprott Lithium Miners ETF trades on the NASDAQ stock market under the symbol LITP.

As of March 19, 2025, LITP stock price climbed to $6.74 with 9,785 million shares trading.

LITP has a beta of 1.12, meaning it tends to be more sensitive to market movements. LITP has a correlation of 0.13 to the broad based SPY ETF.

LITP has a market cap of $14.90 million. This is considered a Sub-Micro Cap stock.

LITP has underperformed the market in the last year with a return of -28.5%, while SPY returned +11.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in LITP shares. However, LITP has outperformed the market in the last 3 month and 2 week periods, returning -2.2% and +12.1%, while SPY returned -2.9% and -1.7%, respectively. This indicates LITP has been having a stronger performance recently.

LITP support price is $6.55 and resistance is $6.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LITP shares will trade within this expected range on the day.