Imagine Lithium (CVE:ILI) Stock Price Down 16.7% – Time to Sell?

Imagine Lithium Inc. (CVE:ILI) dropped 16.7% during mid-day trading on Monday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 162,710 shares were traded during trading, an increase of 94% from the average daily volume of 83,836 shares. The stock had previously closed at C$0.03.

Imagine Lithium Trading Down 16.7%

The stock’s 50-day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03. The stock has a market capitalization of C$8.52 million, a P/E ratio of -3.00 and a beta of 0.81.

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