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

International Lithium Corp. (CVE:ILC)’s share price dropped 25% during trading 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 mid-day trading, an increase of 838% from the average daily volume of 110,439 shares. The stock had previously closed at C$0.02.

International Lithium Stock Performance

The stock has a market capitalization of C$3.73 million, a PE 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 price of C$0.02 and a 200-day moving average price of C$0.02.

Insider Transactions at International Lithium

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