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

International Lithium Corp. (CVE:ILC)’s stock price traded down 25% during mid-day trading on Monday . The company 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 Trading Down 25.0 %

The firm has a 50 day simple moving average of C$0.02 and a 200 day simple moving average of C$0.02. 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 company has a debt-to-equity ratio of 2.78, a quick ratio of 54.82 and a current ratio of 43.32.

Insider Activity

In other International Lithium news, Director John Michael Wisbey bought 2,000,000 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were acquired at an average cost of C$0.02 per share, for a total transaction of C$30,000.00. Over the last ninety days, insiders bought 2,569,000 shares of company stock worth $38,535. 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.