Imagine Lithium (CVE:ILI) Trading 20% Higher – Time to Buy?

Imagine Lithium Inc. (CVE:ILI) shot up 20% during mid-day trading on Tuesday . The company traded as high as C$0.03 and last traded at C$0.03. 898,500 shares changed hands during mid-day trading, an increase of 153% from the average session volume of 355,390 shares. The stock had previously closed at C$0.03.

Imagine Lithium Stock Performance

The stock’s fifty day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.03. The stock has a market capitalization of C$10.22 million, a P/E ratio of -3.00 and a beta of 0.81.

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. Imagine Lithium Inc was incorporated in 2007 and is headquartered in Vancouver, Canada.