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

International Lithium Corp. (CVE:ILC)’s stock price traded down 25% on Monday . The stock traded as low as C$0.01 and last traded at C$0.02. 1,036,340 shares were traded 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 Trading Down 25.0 %

The business has a 50-day moving average price of C$0.02 and a 200-day moving average price of C$0.02. The company has a quick ratio of 54.82, a current ratio of 43.32 and a debt-to-equity ratio of 2.78. The firm has a market capitalization of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03.

Insider Buying and Selling at International Lithium

In related news, Director John Michael Wisbey bought 2,000,000 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was acquired at an average cost of C$0.02 per share, with a total value of C$30,000.00. Insiders have acquired 2,569,000 shares of company stock valued at $38,535 in the last 90 days. 39.90% of the stock is currently owned by company insiders.

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.