Imagine Lithium (CVE:ILI) Trading 16.7% Higher – Still a Buy?

Shares of Imagine Lithium Inc. (CVE:ILIGet Free Report) were up 16.7% during trading on Tuesday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 672,490 shares traded hands during mid-day trading, an increase of 81% from the average daily volume of 370,623 shares. The stock had previously closed at C$0.03.

Imagine Lithium Trading Up 16.7%

The firm’s 50 day simple moving average is C$0.03 and its 200 day simple moving average is C$0.02. The firm has a market cap of C$11.92 million, a PE ratio of -3.00 and a beta of 0.96.

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.

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