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

International Lithium Corp. (CVE:ILC)’s share price fell 25% during mid-day trading on Monday . The company traded as low as C$0.01 and last traded at C$0.02. 1,036,340 shares traded hands during mid-day trading, an increase of 821% from the average session volume of 112,532 shares. The stock had previously closed at C$0.02.

International Lithium Stock Down 25.0 %

The business’s 50 day moving average price is C$0.02 and its 200-day moving average price is C$0.02. The firm has a market capitalization of C$3.73 million, a PE ratio of -1.50 and a beta of 1.03. The company has a debt-to-equity ratio of 2.78, a quick ratio of 54.82 and a current ratio of 43.32.

Insider Activity at International Lithium

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