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

Shares of Imagine Lithium Inc. (CVE:ILIGet Free Report) were down 16.7% during mid-day trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 103,300 shares traded hands during trading, a decline of 71% from the average daily volume of 361,687 shares. The stock had previously closed at C$0.03.

Imagine Lithium Price Performance

The stock has a market capitalization of C$10.22 million, a price-to-earnings ratio of -3.00 and a beta of 0.96. The company’s 50-day simple moving average is C$0.03 and its 200-day simple moving average is C$0.02.

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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