International Lithium (CVE:ILC) Stock Price Down 25% – Should You 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 745,340 shares changed hands during mid-day trading, an increase of 605% from the average daily volume of 105,764 shares. The stock had previously closed at C$0.02.

International Lithium Price Performance

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

Insiders Place Their Bets

In related news, Director John Michael Wisbey purchased 2,000,000 shares of International Lithium 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 bought 2,569,000 shares of company stock worth $38,535. Company insiders own 39.90% of the company’s stock.

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.