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

Shares of International Lithium Corp. (CVE:ILC) 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 traded hands 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 company has a debt-to-equity ratio of 2.78, a current ratio of 43.32 and a quick ratio of 54.82. The business’s 50 day simple moving average is C$0.02 and its 200 day simple moving average is C$0.02. The company has a market capitalization of C$3.73 million, a PE ratio of -1.50 and a beta of 1.03.

Insiders Place Their Bets

In related news, Director John Michael Wisbey purchased 2,000,000 shares of International Lithium stock in a transaction dated Friday, January 24th. The shares were acquired at an average cost of C$0.02 per share, with a total value of C$30,000.00. Insiders have bought 2,569,000 shares of company stock valued at $38,535 over the last ninety 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.