International Lithium (CVE:ILC) Sets New 12-Month Low – Here’s Why

International Lithium Corp. (CVE:ILC) reached a new 52-week low on Wednesday . The stock traded as low as C$0.01 and last traded at C$0.02, with a volume of 225750 shares. The stock had previously closed at C$0.02.

International Lithium Stock 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 stock has a market capitalization of C$3.73 million, a PE ratio of -1.50 and a beta of 1.03. The firm’s 50-day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.02.

Insiders Place Their Bets

In related news, Director John Michael Wisbey purchased 2,000,000 shares of the stock in a transaction dated Friday, January 24th. The shares were acquired at an average cost of C$0.02 per share, for a total transaction of C$30,000.00. In the last three months, insiders have bought 3,040,000 shares of company stock worth $45,600. Corporate insiders own 39.90% of the company’s stock.

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.