Imagine Lithium (CVE:ILI) Stock Price Up 33.3% – Should You Buy?

Imagine Lithium Inc. (CVE:ILIGet Free Report) shares rose 33.3% during mid-day trading on Friday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 104,047 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 104,985 shares. The stock had previously closed at C$0.02.

Imagine Lithium Stock Performance

The business has a fifty day moving average of C$0.02 and a 200-day moving average of C$0.02. The company has a market capitalization of C$5.54 million, a P/E ratio of -3.00 and a beta of 1.54.

About Imagine Lithium

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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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