Imagine Lithium (CVE:ILI) Shares Up 13.3%

Imagine Lithium Inc. (CVE:ILIGet Rating)’s share price shot up 13.3% on Monday . The company traded as high as C$0.09 and last traded at C$0.09. 347,770 shares traded hands during mid-day trading, an increase of 41% from the average session volume of 246,289 shares. The stock had previously closed at C$0.08.

The firm has a market cap of C$18.11 million and a price-to-earnings ratio of -25.00. The business’s 50-day simple moving average is C$0.09 and its two-hundred day simple moving average is C$0.12.

About Imagine Lithium (CVE:ILI)

Imagine Lithium Inc, a junior mineral exploration company, engages in acquiring, exploring, and evaluating mineral properties in North America. It primarily explores for lithium deposits. The company holds 100% option interest in the Jackpot Lithium property located in Thunder Bay, Ontario; the Eastern Vision property consisting of 5 claims totaling 80 units covering an area of 1,425 hectares; and the North Buffy Lake property comprising 9 claims totaling 193 units covering an area of approximately 3,440 hectares located in the Red Lake District, Ontario.

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