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

International Lithium Corp. (CVE:ILC)’s stock price traded down 25% during mid-day trading on Monday . The company 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 stock has a fifty day moving average price of C$0.02 and a 200-day moving average price of C$0.02. 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 firm has a market capitalization of C$3.73 million, a PE ratio of -1.50 and a beta of 1.03.

Insider Buying and Selling

In other International Lithium news, Director John Michael Wisbey bought 2,000,000 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were purchased at an average cost of C$0.02 per share, for a total transaction of C$30,000.00. Insiders have acquired a total of 2,569,000 shares of company stock worth $38,535 in the last ninety days. 39.90% of the stock is owned by 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.