International Lithium (CVE:ILC) Shares Down 25% – What’s Next?

International Lithium Corp. (CVE:ILC)’s stock price traded down 25% on Monday . The company traded as low as C$0.01 and last traded at C$0.02. 1,036,340 shares changed hands during 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 company has a market capitalization of C$3.73 million, a price-to-earnings ratio of -1.50 and a beta of 1.03. The stock’s fifty day simple moving average is C$0.02 and its two-hundred day simple moving average is 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 Transactions at International Lithium

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