Imagine Lithium (CVE:ILI) Shares Down 22.2% – Here’s What Happened

Imagine Lithium Inc. (CVE:ILIGet Free Report) shares fell 22.2% on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. 1,088,130 shares changed hands during mid-day trading, an increase of 192% from the average session volume of 372,193 shares. The stock had previously closed at C$0.05.

Imagine Lithium Stock Performance

The stock has a market cap of C$11.92 million, a price-to-earnings ratio of -3.00 and a beta of 1.38. The firm’s 50-day simple moving average is C$0.03 and its two-hundred day simple moving average is 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.

Further Reading

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