International Lithium (CVE:ILC) Trading Down 25% – Time to Sell?

International Lithium Corp. (CVE:ILC)’s stock price dropped 25% on Monday . The company 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 Trading Down 25.0 %

The company has a debt-to-equity ratio of 2.78, a current ratio of 43.32 and a quick ratio of 54.82. The stock’s 50-day moving average is C$0.02 and its two-hundred day moving average is C$0.02. The stock has a market cap of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03.

Insider Buying and Selling

In related 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 stock was purchased at an average price of C$0.02 per share, for a total transaction of C$30,000.00. Over the last quarter, insiders purchased 2,569,000 shares of company stock worth $38,535. 39.90% of the stock is 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.