Imagine Lithium (CVE:ILI) Shares Down 14.3% – What’s Next?

Shares of Imagine Lithium Inc. (CVE:ILI) dropped 14.3% during trading on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 124,482 shares traded hands during trading, a decline of 38% from the average daily volume of 199,227 shares. The stock had previously closed at C$0.04.

Imagine Lithium Stock Down 14.3%

The stock has a 50 day moving average price of C$0.03 and a two-hundred day moving average price of C$0.03. The company has a market cap of C$10.22 million, a P/E ratio of -3.00 and a beta of 0.47.

Imagine Lithium Company Profile

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.