International Lithium (CVE:ILC) Trading Down 28.6% – What’s Next?

International Lithium Corp. (CVE:ILC) traded down 28.6% during mid-day trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03. 381,329 shares were traded during trading, an increase of 233% from the average session volume of 114,348 shares. The stock had previously closed at C$0.04.

International Lithium Trading Down 14.3%

The company’s 50-day moving average is C$0.04 and its 200-day moving average is C$0.02. 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 firm has a market cap of C$8.17 million, a price-to-earnings ratio of 3.00 and a beta of 0.19.

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.