Imagine Lithium (CVE:ILI) Stock Price Up 16.7% – Should You Buy?

Shares of Imagine Lithium Inc. (CVE:ILIGet Free Report) traded up 16.7% during trading on Monday . The stock traded as high as C$0.04 and last traded at C$0.04. 672,490 shares traded hands during mid-day trading, an increase of 81% from the average session volume of 370,623 shares. The stock had previously closed at C$0.03.

Imagine Lithium Stock Performance

The company has a 50-day moving average of C$0.03 and a 200-day moving average of C$0.02. The stock has a market capitalization of C$11.92 million, a price-to-earnings ratio of -3.00 and a beta of 0.96.

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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