International Lithium (CVE:ILC) Trading Down 20% – What’s Next?

International Lithium Corp. (CVE:ILC)’s share price fell 20% during trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02. 198,885 shares were traded during trading, a decline of 4% from the average session volume of 206,239 shares. The stock had previously closed at C$0.03.

International Lithium Stock Down 20.0%

The firm’s 50-day moving average price is C$0.02 and its 200 day moving average price is C$0.03. The firm has a market cap of C$5.45 million, a P/E ratio of 3.00 and a beta of -0.17. The company has a quick ratio of 54.82, a current ratio of 43.32 and a debt-to-equity ratio of 2.78.

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