Imagine Lithium (CVE:ILI) Stock Price Down 16.7% – Should You Sell?

Imagine Lithium Inc. (CVE:ILI) shares traded down 16.7% on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03. 162,710 shares changed hands during trading, an increase of 94% from the average session volume of 83,836 shares. The stock had previously closed at C$0.03.

Imagine Lithium Stock Down 16.7%

The firm has a market cap of C$8.52 million, a P/E ratio of -3.00 and a beta of 0.81. The firm’s 50-day simple moving average is C$0.03 and its 200 day simple moving average is 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.