Imagine Lithium (CVE:ILI) Trading Down 16.7% – Here’s Why

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

Imagine Lithium Price Performance

The company has a market capitalization of C$10.22 million, a P/E ratio of -3.00 and a beta of 0.81. The business has a 50 day moving average of C$0.03 and a 200 day moving average of C$0.03.

About Imagine Lithium

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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.

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