Imagine Lithium (CVE:ILI) Shares Down 16.7% – Here’s What Happened

Imagine Lithium Inc. (CVE:ILI)’s stock price traded down 16.7% during mid-day trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. 162,710 shares traded hands during mid-day trading, an increase of 94% from the average session volume of 83,836 shares. The stock had previously closed at C$0.03.

Imagine Lithium Price Performance

The stock has a market cap of C$8.52 million, a P/E ratio of -3.00 and a beta of 0.81. The business’s fifty day moving average price is C$0.03 and its 200 day moving average price is C$0.03.

About Imagine Lithium

Imagine Lithium Inc, a junior mineral exploration company, acquires, explores, and evaluates mineral properties in North America. It has 100% interest in its flagship project the Jackpot Lithium property located in Thunder Bay, Ontario. The company was formerly known as Infinite Ore Corp. and changed its name to Imagine Lithium Inc in February 2022. Imagine Lithium Inc was incorporated in 2007 and is headquartered in Vancouver, Canada.