International Lithium (CVE:ILC) Trading Down 25% – What’s Next?

International Lithium Corp. (CVE:ILC) fell 25% on Monday . The stock traded as low as C$0.01 and last traded at C$0.02. 745,340 shares were traded during mid-day trading, an increase of 605% from the average session volume of 105,764 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 current ratio of 43.32 and a quick ratio of 54.82. The firm has a fifty day moving average price of C$0.02 and a two-hundred day moving average price of C$0.02. The stock has a market capitalization of C$3.73 million, a PE ratio of -1.50 and a beta of 1.03.

Insider Transactions at International Lithium

In other news, Director John Michael Wisbey acquired 2,000,000 shares of International Lithium stock in a transaction on 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. Over the last three months, insiders have acquired 2,569,000 shares of company stock worth $38,535. 39.90% of the stock is currently owned by company 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.