International Lithium (CVE:ILC) Stock Price Down 25% – Time to Sell?

International Lithium Corp. (CVE:ILC)’s stock price fell 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 Stock Performance

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 business has a 50 day moving average price of C$0.02 and a 200 day moving average price of C$0.02. The stock has a market cap of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03.

Insider Activity at International Lithium

In related news, Director John Michael Wisbey bought 2,000,000 shares of the company’s stock in a transaction on Friday, January 24th. The shares were acquired at an average cost of C$0.02 per share, for a total transaction of C$30,000.00. Insiders acquired a total of 2,569,000 shares of company stock worth $38,535 in the last quarter. 39.90% of the stock is owned by company 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.