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

Shares of Imagine Lithium Inc. (CVE:ILIGet Free Report) were down 16.7% during mid-day trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 103,300 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 361,687 shares. The stock had previously closed at C$0.03.

Imagine Lithium Price Performance

The firm’s 50 day moving average price is C$0.03 and its 200 day moving average price is C$0.02. The stock has a market capitalization of C$8.52 million, a P/E 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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