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

Imagine Lithium Inc. (CVE:ILIGet Free Report)’s share price rose 16.7% during mid-day trading on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 139,881 shares traded hands during trading, a decline of 62% from the average daily volume of 368,256 shares. The stock had previously closed at C$0.03.

Imagine Lithium Stock Up 16.7%

The company has a market cap of C$11.92 million, a PE ratio of -3.00 and a beta of 0.96. The stock’s 50 day moving average is C$0.03 and its 200-day 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.

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