Imagine Lithium (CVE:ILI) Stock Price Down 14.3% – Should You Sell?

Imagine Lithium Inc. (CVE:ILIGet Free Report)’s share price fell 14.3% during trading on Friday . The stock traded as low as C$0.03 and last traded at C$0.03. 275,285 shares were traded during mid-day trading, a decline of 27% from the average session volume of 379,667 shares. The stock had previously closed at C$0.04.

Imagine Lithium Price Performance

The firm has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.02. The firm has a market capitalization of C$10.22 million, a P/E ratio of -3.00 and a beta of 1.38.

Imagine Lithium Company Profile

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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.

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