International Lithium (CVE:ILC) Stock Passes Below 50 Day Moving Average – Should You Sell?

International Lithium Corp. (CVE:ILC) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.02 and traded as low as C$0.02. International Lithium shares last traded at C$0.02, with a volume of 82,000 shares changing hands.

International Lithium Stock Down 25.0 %

The business’s fifty day moving average is C$0.02 and its two-hundred day moving average is C$0.02. The company has a market cap of C$3.73 million, a P/E 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 Activity at International Lithium

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 acquired at an average price of C$0.02 per share, with a total value of C$30,000.00. Insiders purchased 2,632,000 shares of company stock worth $39,480 in the last 90 days. 39.90% of the stock is owned by corporate 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.