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

International Lithium Corp. (CVE:ILC) shares fell 25% during trading on Monday . The stock traded as low as C$0.01 and last traded at C$0.02. 745,340 shares changed hands during trading, an increase of 605% from the average session volume of 105,764 shares. The stock had previously closed at C$0.02.

International Lithium Price Performance

The company has a current ratio of 43.32, a quick ratio of 54.82 and a debt-to-equity ratio of 2.78. 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 firm has a 50-day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02.

Insider Buying and Selling at International Lithium

In related news, Director John Michael Wisbey bought 2,000,000 shares of the company’s stock in a transaction on Friday, January 24th. The shares were acquired at an average price of C$0.02 per share, with a total value of C$30,000.00. In the last 90 days, 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.

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.