International Lithium (CVE:ILC) Shares Down 25% – Should You Sell?

International Lithium Corp. (CVE:ILC)’s stock price dropped 25% during mid-day trading on Friday. The stock traded as low as C$0.01 and last traded at C$0.01. Approximately 107,340 shares were traded during trading, a decline of 22% from the average daily volume of 137,504 shares. The stock had previously closed at C$0.02.

International Lithium Stock Down 25.0%

The stock has a fifty day moving average price of C$0.02 and a 200 day moving average price of C$0.02. The company has a debt-to-equity ratio of 2.77, a current ratio of 43.32 and a quick ratio of 54.82. The stock has a market capitalization of C$4.37 million, a P/E ratio of -1.50 and a beta of -0.69.

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. It also has an option agreement to acquire 90% interests in the Grass Roots Copper and Cobalt property located in Northwestern Ontario.