International Lithium (CVE:ILC) Stock Price Down 25% – Here’s What Happened

International Lithium Corp. (CVE:ILC) shares fell 25% during mid-day trading on Tuesday . The stock traded as low as C$0.01 and last traded at C$0.02. 1,036,340 shares were traded during trading, an increase of 821% from the average session volume of 112,532 shares. The stock had previously closed at C$0.02.

International Lithium Stock Down 25.0 %

The firm has a market capitalization of C$3.73 million, a PE ratio of -1.50 and a beta of 1.03. The company has a fifty day moving average price of C$0.02 and a 200-day moving average price of C$0.02. The company has a debt-to-equity ratio of 2.78, a quick ratio of 54.82 and a current ratio of 43.32.

Insider Transactions at International Lithium

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

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.