International Lithium (CVE:ILC) Stock Price Down 25% – Time to 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 1,036,340 shares were traded 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 Stock Down 25.0 %

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

Insider Activity

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