International Lithium (CVE:ILC) Stock Price Down 25% – Time to Sell?

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

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’s fifty day simple moving average is C$0.02 and its 200-day simple moving average is C$0.02. The firm has a market capitalization of C$3.73 million, a PE ratio of -1.50 and a beta of 1.03.

Insider Buying and Selling at International Lithium

In related news, Director John Michael Wisbey acquired 2,000,000 shares of the business’s stock in a transaction on Friday, January 24th. The stock was acquired at an average cost of C$0.02 per share, with a total value of C$30,000.00. Insiders purchased a total of 2,569,000 shares of company stock valued at $38,535 in the last three months. 39.90% of the stock is currently owned by corporate 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.