International Lithium (CVE:ILC) Shares Down 25% – What’s Next?

International Lithium Corp. (CVE:ILC)’s stock price was down 25% during mid-day trading on Tuesday . The company traded as low as C$0.01 and last traded at C$0.02. Approximately 1,036,340 shares traded hands during trading, an increase of 821% from the average daily volume of 112,532 shares. The stock had previously closed at C$0.02.

International Lithium Trading Down 25.0 %

The stock has a 50 day moving average of C$0.02 and a 200-day moving average of C$0.02. The company has a market capitalization of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03. The company has a current ratio of 43.32, a quick ratio of 54.82 and a debt-to-equity ratio of 2.78.

Insider Activity at International Lithium

In other International Lithium news, Director John Michael Wisbey purchased 2,000,000 shares of the company’s stock in a transaction on Friday, January 24th. The stock was acquired at an average cost of C$0.02 per share, for a total transaction of C$30,000.00. In the last ninety days, insiders purchased 2,569,000 shares of company stock worth $38,535. 39.90% of the stock is owned by company insiders.

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.