International Lithium (CVE:ILC) Reaches New 12-Month Low – Here’s Why

International Lithium Corp. (CVE:ILC)’s share price reached a new 52-week low on Thursday . The company traded as low as C$0.01 and last traded at C$0.02, with a volume of 298000 shares changing hands. The stock had previously closed at C$0.02.

International Lithium Price Performance

The firm has a market cap of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03. The business’s fifty day simple moving average is C$0.02 and its 200-day simple moving average is C$0.02. The company has a current ratio of 43.32, a quick ratio of 54.82 and a debt-to-equity ratio of 2.78.

Insider Activity at International Lithium

In other news, Director John Michael Wisbey bought 2,000,000 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average price of C$0.02 per share, with a total value of C$30,000.00. In the last three months, insiders have purchased 3,064,000 shares of company stock worth $45,960. 39.90% of the stock is owned by company insiders.

International Lithium Company Profile

International Lithium Corp. engages in the investment, exploration, and development of mineral properties in Canada, Zimbabwe, and Ireland. It primarily explores for lithium, rubidium, caesium, and rare metal deposits. The company primarily focuses on the Raleigh Lake Lithium and Rubidium Project located in Canada and identifying additional properties in Canada and Zimbabwe.