International Lithium (CVE:ILC) Shares Down 25% – Here’s Why

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

The company has a market capitalization of C$3.73 million, a price-to-earnings ratio of -1.50 and a beta of 1.03. The company has a fifty day simple moving average of C$0.02 and a two-hundred day simple moving average 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 Activity

In other news, Director John Michael Wisbey acquired 2,000,000 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were bought at an average cost of C$0.02 per share, for a total transaction of C$30,000.00. Insiders acquired a total of 2,569,000 shares of company stock valued at $38,535 over the last quarter. Company 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.