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

International Lithium Corp. (CVE:ILC)’s share price traded down 25% during trading on Monday . The stock traded as low as C$0.01 and last traded at C$0.02. 1,036,340 shares were traded 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 Price Performance

The company 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 market cap of C$3.73 million, a price-to-earnings ratio of -1.50 and a beta of 1.03. The company has a quick ratio of 54.82, a current ratio of 43.32 and a debt-to-equity ratio of 2.78.

Insider Activity

In related news, Director John Michael Wisbey purchased 2,000,000 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was purchased at an average cost of C$0.02 per share, with a total value of C$30,000.00. In the last three months, insiders have bought 2,569,000 shares of company stock valued at $38,535. 39.90% of the stock is currently owned by 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.