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

Imagine Lithium Inc. (CVE:ILIGet Free Report) shot up 16.7% during mid-day trading on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. 139,881 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 368,256 shares. The stock had previously closed at C$0.03.

Imagine Lithium Price Performance

The company has a 50-day simple moving average of C$0.03 and a 200-day simple moving average of C$0.02. The firm has a market cap of C$11.92 million, a PE ratio of -3.00 and a beta of 0.96.

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.

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