International Lithium (CVE:ILC) Stock Price Down 25% – Here’s Why

International Lithium Corp. (CVE:ILC) was down 25% during mid-day trading on Monday . The stock traded as low as C$0.01 and last traded at C$0.02. Approximately 745,340 shares traded hands during mid-day trading, an increase of 605% from the average daily volume of 105,764 shares. The stock had previously closed at C$0.02.

International Lithium Stock Down 25.0 %

The firm has a market cap of C$3.73 million, a price-to-earnings ratio of -1.50 and a beta of 1.03. The stock has a 50-day moving average of C$0.02 and a 200-day moving average of C$0.02. The company has a current ratio of 43.32, a quick ratio of 54.82 and a debt-to-equity ratio of 2.78.

Insider Transactions at International Lithium

In related news, Director John Michael Wisbey acquired 2,000,000 shares of International Lithium stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average price of C$0.02 per share, with a total value of C$30,000.00. Over the last quarter, insiders bought 2,569,000 shares of company stock worth $38,535. Insiders own 39.90% of the company’s stock.

About International Lithium

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.