Imagine Lithium (CVE:ILI) Shares Up 16.7% – Still a Buy?

Imagine Lithium Inc. (CVE:ILI)’s share price shot up 16.7% on Monday . The company traded as high as C$0.04 and last traded at C$0.04. 672,490 shares traded hands during 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 firm has a market capitalization of C$10.22 million, a PE ratio of -3.00 and a beta of 0.96. The company’s 50 day simple moving average is C$0.03 and its 200-day simple moving average is C$0.02.

Imagine Lithium Company Profile

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.