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

International Lithium Corp. (CVE:ILC)’s stock price dropped 25% on Monday . The company 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 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 stock has a market cap of C$3.73 million, a PE ratio of -1.50 and a beta of 1.03. The stock has a 50 day moving average of C$0.02 and a two-hundred day moving average of C$0.02.

Insider Buying and Selling

In other news, Director John Michael Wisbey purchased 2,000,000 shares of the 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 three months, insiders purchased 2,569,000 shares of company stock worth $38,535. 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.