International Lithium (CVE:ILC) Stock Price Up 28.6% – What’s Next?

International Lithium Corp. (CVE:ILC) shot up 28.6% during mid-day trading on Monday . The company traded as high as C$0.05 and last traded at C$0.05. 339,782 shares changed hands during trading, an increase of 197% from the average session volume of 114,478 shares. The stock had previously closed at C$0.04.

International Lithium Price Performance

The firm’s fifty day moving average is C$0.03 and its 200-day moving average is C$0.02. 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 stock has a market capitalization of C$10.90 million, a P/E ratio of 4.00 and a beta of -0.16.

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.