International Lithium (CVE:ILC) Shares Down 25% – Here’s What Happened

International Lithium Corp. (CVE:ILC) dropped 25% during mid-day trading on Monday . The stock traded as low as C$0.01 and last traded at C$0.02. Approximately 745,340 shares traded hands 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 Trading Down 25.0 %

The company’s 50-day moving average is C$0.02 and its 200-day moving average is C$0.02. The firm has a market cap of C$3.73 million, a price-to-earnings ratio of -1.50 and a beta of 1.03. The company has a debt-to-equity ratio of 2.78, a quick ratio of 54.82 and a current ratio of 43.32.

Insider Buying and Selling

In other International Lithium news, Director John Michael Wisbey bought 2,000,000 shares of the business’s stock in a transaction on Friday, January 24th. The shares were bought at an average cost of C$0.02 per share, for a total transaction of C$30,000.00. Insiders have purchased a total of 2,569,000 shares of company stock worth $38,535 in the last 90 days. Corporate insiders own 39.90% of the company’s stock.

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.