Imagine Lithium (CVE:ILI) Trading Up 16.7% – Should You Buy?

Imagine Lithium Inc. (CVE:ILIGet Free Report) rose 16.7% during trading on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 139,881 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 368,256 shares. The stock had previously closed at C$0.03.

Imagine Lithium Price Performance

The business’s fifty day moving average is C$0.03 and its two-hundred day moving average is C$0.02. The stock has a market cap of C$10.22 million, a price-to-earnings ratio of -3.00 and a beta of 0.96.

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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