Imagine Lithium (CVE:ILI) Stock Price Down 20% – Here’s Why

Imagine Lithium Inc. (CVE:ILIGet Free Report) shares were down 20% on Monday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 380,006 shares traded hands during mid-day trading, an increase of 154% from the average daily volume of 149,449 shares. The stock had previously closed at C$0.03.

Imagine Lithium Trading Down 20.0%

The firm has a fifty day moving average of C$0.02 and a two-hundred day moving average of C$0.02. The company has a market cap of C$6.81 million, a PE ratio of -3.00 and a beta of 1.05.

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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