Imagine Lithium (CVE:ILI) Stock Price Down 14.3% – Here’s Why

Imagine Lithium Inc. (CVE:ILIGet Free Report) dropped 14.3% on Saturday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 275,285 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 379,667 shares. The stock had previously closed at C$0.04.

Imagine Lithium Stock Performance

The firm has a market capitalization of C$10.22 million, a P/E ratio of -3.00 and a beta of 1.38. The stock has a fifty day moving average price of C$0.03 and a two-hundred day moving average price of C$0.02.

Imagine Lithium Company Profile

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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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