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

Imagine Lithium Inc. (CVE:ILIGet Free Report)’s stock price traded down 14.3% during mid-day trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. 133,604 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 369,420 shares. The stock had previously closed at C$0.04.

Imagine Lithium Stock Performance

The business’s fifty day moving average price is C$0.03 and its two-hundred day moving average price is C$0.02. The firm has a market capitalization of C$10.22 million, a P/E ratio of -3.00 and a beta of 0.96.

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.

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