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

International Lithium Corp. (CVE:ILC)’s share price dropped 25% on Tuesday . The stock 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 Stock Down 25.0 %

The firm’s 50 day moving average is C$0.02 and its two-hundred day moving average is 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. The company has a current ratio of 43.32, a quick ratio of 54.82 and a debt-to-equity ratio of 2.78.

Insider Buying and Selling at International Lithium

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