Imagine Lithium (CVE:ILI) Stock Price Down 14.3% – What’s Next?

Shares of Imagine Lithium Inc. (CVE:ILIGet Free Report) fell 14.3% during mid-day trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. 209,431 shares were traded during mid-day trading, an increase of 2% from the average session volume of 205,601 shares. The stock had previously closed at C$0.04.

Imagine Lithium Stock Performance

The company’s 50 day simple moving average is C$0.03 and its 200 day simple moving average is C$0.03. The stock has a market cap of C$10.22 million, a PE ratio of -3.00 and a beta of 0.81.

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

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