International Lithium (CVE:ILC) Stock Price Down 40% – Should You Sell?

International Lithium Corp. (CVE:ILC)’s stock price dropped 40% on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 2,376,253 shares changed hands during mid-day trading, an increase of 1,677% from the average daily volume of 133,703 shares. The stock had previously closed at C$0.03.

International Lithium Price Performance

The stock has a fifty day moving average of C$0.03 and a 200-day moving average of C$0.02. The firm has a market capitalization of C$4.09 million, a P/E ratio of 3.00 and a beta of 0.19. The company has a quick ratio of 54.82, a current ratio of 43.32 and a debt-to-equity ratio of 2.78.

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.