Imagine Lithium (CVE:ILI) Trading Down 16.7% – What’s Next?

Shares of Imagine Lithium Inc. (CVE:ILIGet Free Report) were down 16.7% on Monday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 110,710 shares were traded during mid-day trading, an increase of 2,123% from the average daily volume of 4,981 shares. The stock had previously closed at C$0.03.

Imagine Lithium Stock Down 16.7%

The firm’s 50 day simple moving average is C$0.03 and its 200 day simple moving average is C$0.03. The company has a market cap of C$8.52 million, a price-to-earnings ratio of -3.00 and a beta of 0.81.

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. Imagine Lithium Inc was incorporated in 2007 and is headquartered in Vancouver, Canada.

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