International Lithium (CVE:ILC) Stock Price Down 25% – Time to Sell?

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

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

Insider Activity

In related news, Director John Michael Wisbey purchased 2,000,000 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average price of C$0.02 per share, for a total transaction of C$30,000.00. Over the last three months, insiders have acquired 2,569,000 shares of company stock valued at $38,535. 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.