Imagine Lithium (CVE:ILI) Stock Price Up 16.7% – Here’s Why

Imagine Lithium Inc. (CVE:ILI) shot up 16.7% during mid-day trading on Friday . The stock traded as high as C$0.04 and last traded at C$0.04. 135,325 shares traded hands during trading, a decline of 26% from the average session volume of 182,950 shares. The stock had previously closed at C$0.03.

Imagine Lithium Trading Up 16.7%

The stock has a market capitalization of C$11.92 million, a P/E ratio of -3.00 and a beta of 0.81. The company has a 50-day moving average price of C$0.03 and a 200 day moving average price of C$0.03.

About Imagine Lithium

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.