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

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

International Lithium Price Performance

The company has a debt-to-equity ratio of 2.78, a quick ratio of 54.82 and a current ratio of 43.32. The company has a market cap of C$3.73 million, a price-to-earnings ratio of -1.50 and a beta of 1.03. The business has a fifty day moving average price of C$0.02 and a 200 day moving average price of C$0.02.

Insider Buying and Selling

In related news, Director John Michael Wisbey purchased 2,000,000 shares of International Lithium stock in a transaction on Friday, January 24th. The shares were purchased at an average price of C$0.02 per share, for a total transaction of C$30,000.00. Insiders have bought 2,569,000 shares of company stock worth $38,535 in the last 90 days. 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.