Imagine Lithium (CVE:ILI) Shares Down 25% – Should You Sell?

Shares of Imagine Lithium Inc. (CVE:ILIGet Free Report) dropped 25% on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 118,000 shares changed hands during mid-day trading, an increase of 11% from the average daily volume of 106,308 shares. The stock had previously closed at C$0.02.

Imagine Lithium Trading Down 25.0%

The firm has a market cap of C$4.16 million, a P/E ratio of -3.00 and a beta of 1.54. The business has a 50-day moving average price of C$0.02 and a 200-day moving average price of 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.

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