Imagine Lithium (CVE:ILI) Trading Down 14.3% – Here’s Why

Shares of Imagine Lithium Inc. (CVE:ILIGet Free Report) fell 14.3% on Thursday . The company traded as low as C$0.03 and last traded at C$0.03. 353,948 shares changed hands during trading, an increase of 2% from the average session volume of 348,309 shares. The stock had previously closed at C$0.04.

Imagine Lithium Price Performance

The business’s fifty day moving average price is C$0.03 and its 200-day moving average price is C$0.03. The stock has a market capitalization of C$10.22 million, a PE ratio of -3.00 and a beta of 0.98.

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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