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

Shares of International Lithium Corp. (CVE:ILC) dropped 25% on Monday . The company traded as low as C$0.01 and last traded at C$0.02. Approximately 745,340 shares traded hands during trading, an increase of 605% from the average daily volume of 105,764 shares. The stock had previously closed at C$0.02.

International Lithium Price Performance

The firm 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 debt-to-equity ratio of 2.78, a quick ratio of 54.82 and a current ratio of 43.32. The business has a fifty day moving average of C$0.02 and a two-hundred day moving average of C$0.02.

Insiders Place Their Bets

In other news, Director John Michael Wisbey purchased 2,000,000 shares of International Lithium stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average cost of C$0.02 per share, for a total transaction of C$30,000.00. Insiders purchased 2,569,000 shares of company stock worth $38,535 over the last three months. 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.