International Lithium (CVE:ILC) Stock Price Down 25% – Should You Sell?

Shares of International Lithium Corp. (CVE:ILC) dropped 25% during mid-day trading on Monday . The company traded as low as C$0.01 and last traded at C$0.02. Approximately 745,340 shares changed hands during mid-day trading, an increase of 605% from the average daily volume of 105,764 shares. The stock had previously closed at C$0.02.

International Lithium Trading Down 25.0 %

The firm has a 50-day moving average of C$0.02 and a 200 day moving average of 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. The stock has a market capitalization of C$3.73 million, a price-to-earnings ratio of -1.50 and a beta of 1.03.

Insider Activity

In other news, Director John Michael Wisbey bought 2,000,000 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were purchased at an average price of C$0.02 per share, with a total value of C$30,000.00. Over the last ninety days, insiders have acquired 2,569,000 shares of company stock valued at $38,535. Company insiders own 39.90% of the company’s stock.

About International Lithium

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.