International Lithium (CVE:ILC) Sets New 52-Week Low – What’s Next?

International Lithium Corp. (CVE:ILC)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.01 and last traded at C$0.02, with a volume of 298000 shares traded. The stock had previously closed at C$0.02.

International Lithium Price Performance

The firm 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 moving average is C$0.02 and its 200 day moving average is 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.

Insider Buying and Selling at International Lithium

In other news, Director John Michael Wisbey acquired 2,000,000 shares of International Lithium stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average price of C$0.02 per share, with a total value of C$30,000.00. Insiders have acquired 3,064,000 shares of company stock valued at $45,960 over the last quarter. 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.