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

International Lithium Corp. (CVE:ILC) shares fell 25% during mid-day trading on Tuesday . The company traded as low as C$0.01 and last traded at C$0.02. 1,036,340 shares changed hands 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 Performance

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

Insiders Place Their Bets

In related news, Director John Michael Wisbey purchased 2,000,000 shares of the business’s stock in a transaction 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 quarter, insiders have purchased 2,569,000 shares of company stock worth $38,535. 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.