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

Shares of International Lithium Corp. (CVE:ILC) were down 25% during trading on Tuesday . The stock traded as low as C$0.01 and last traded at C$0.02. Approximately 1,036,340 shares were traded during trading, an increase of 821% from the average daily volume of 112,532 shares. The stock had previously closed at C$0.02.

International Lithium Stock Performance

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 company has a market cap of C$3.73 million, a PE ratio of -1.50 and a beta of 1.03. The business’s 50-day moving average is C$0.02 and its 200 day moving average is C$0.02.

Insider Activity

In related news, Director John Michael Wisbey acquired 2,000,000 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was purchased at an average price of C$0.02 per share, with a total value of C$30,000.00. Over the last three months, insiders have purchased 2,419,000 shares of company stock valued at $36,285. 39.90% of the stock is currently owned by insiders.

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.