International Lithium (CVE:ILC) Stock Price Down 25% – Should You Sell?

International Lithium Corp. (CVE:ILC) dropped 25% during mid-day trading on Monday . The stock traded as low as C$0.01 and last traded at C$0.02. Approximately 1,036,340 shares changed 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 stock has a market capitalization of C$3.73 million, a P/E 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 200-day moving average price of C$0.02. The company has a debt-to-equity ratio of 2.78, a current ratio of 43.32 and a quick ratio of 54.82.

Insider Activity at International Lithium

In other 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 bought at an average cost of C$0.02 per share, with a total value of C$30,000.00. Insiders purchased 2,569,000 shares of company stock worth $38,535 in the last ninety days. 39.90% of the stock is 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.