Imagine Lithium (CVE:ILI) Shares Down 16.7% – Should You Sell?

Imagine Lithium Inc. (CVE:ILIGet Free Report)’s share price was down 16.7% during trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 103,300 shares were traded during trading, a decline of 71% from the average daily volume of 361,687 shares. The stock had previously closed at C$0.03.

Imagine Lithium Trading Down 16.7%

The stock has a 50 day moving average price of C$0.03 and a two-hundred day moving average price of C$0.02. The company has a market cap of C$8.52 million, a price-to-earnings ratio of -3.00 and a beta of 0.96.

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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