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

International Lithium Corp. (CVE:ILC)’s stock price was down 25% during trading on Monday . The stock 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 Performance

The company has a current ratio of 43.32, a quick ratio of 54.82 and a debt-to-equity ratio of 2.78. The company 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 price of C$0.02 and a two-hundred day moving average price of C$0.02.

Insiders Place Their Bets

In other International Lithium news, Director John Michael Wisbey bought 2,000,000 shares of the firm’s stock in a transaction that occurred on 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 acquired 2,569,000 shares of company stock worth $38,535 over the last ninety days. 39.90% of the stock is currently owned by corporate insiders.

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.