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

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

International Lithium Trading Down 25.0 %

The firm has a market capitalization 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. The firm has a 50 day moving average price of C$0.02 and a two-hundred day moving average price of C$0.02.

Insider Transactions at International Lithium

In other International Lithium news, Director John Michael Wisbey bought 2,000,000 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was acquired at an average price of C$0.02 per share, with a total value of C$30,000.00. Insiders purchased a total of 2,569,000 shares of company stock valued at $38,535 in the last three months. 39.90% of the stock is currently owned by corporate 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.