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

Shares of Imagine Lithium Inc. (CVE:ILI) traded down 16.7% during trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.03. 103,300 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 361,687 shares. The stock had previously closed at C$0.03.

Imagine Lithium Stock Performance

The firm has a market capitalization of C$8.52 million, a P/E ratio of -3.00 and a beta of 0.96. The stock’s 50 day simple moving average is C$0.03 and its 200 day simple moving average is C$0.02.

Imagine Lithium Company Profile

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.