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

International Lithium Corp. (CVE:ILC) fell 25% on Tuesday . The stock traded as low as C$0.01 and last traded at C$0.02. 1,036,340 shares traded hands during mid-day 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 fifty day moving average of C$0.02 and a 200-day moving average of C$0.02. 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 firm has a market cap of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03.

Insider Transactions at International Lithium

In other news, Director John Michael Wisbey bought 2,000,000 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were bought at an average cost of C$0.02 per share, with a total value of C$30,000.00. Insiders have purchased a total of 2,569,000 shares of company stock worth $38,535 in the last 90 days. Corporate 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.