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

International Lithium Corp. (CVE:ILC)’s stock price dropped 25% during trading on Monday . The company traded as low as C$0.01 and last traded at C$0.02. Approximately 745,340 shares were traded during trading, an increase of 605% from the average daily volume of 105,764 shares. The stock had previously closed at C$0.02.

International Lithium Stock Down 25.0 %

The company has a market cap of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03. The company’s 50-day moving average is C$0.02 and its two-hundred day moving average is C$0.02. The company has a debt-to-equity ratio of 2.78, a current ratio of 43.32 and a quick ratio of 54.82.

Insider Activity

In other International Lithium news, Director John Michael Wisbey bought 2,000,000 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was acquired at an average price of C$0.02 per share, with a total value of C$30,000.00. Insiders have acquired a total of 2,569,000 shares of company stock valued at $38,535 over the last ninety days. 39.90% of the stock is currently owned by corporate insiders.

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.