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

International Lithium Corp. (CVE:ILC) shares traded down 25% during mid-day trading on Monday . The stock traded as low as C$0.01 and last traded at C$0.02. 1,036,340 shares traded hands 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 company has a debt-to-equity ratio of 2.78, a current ratio of 43.32 and a quick ratio of 54.82. The firm has a market cap of C$3.73 million, a PE ratio of -1.50 and a beta of 1.03. The company’s 50 day moving average price is C$0.02 and its 200 day moving average price is C$0.02.

Insiders Place Their Bets

In related news, Director John Michael Wisbey acquired 2,000,000 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was acquired at an average price of C$0.02 per share, for a total transaction of C$30,000.00. Insiders have acquired a total of 2,569,000 shares of company stock worth $38,535 in the last ninety 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.