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

International Lithium Corp. (CVE:ILC)’s share price dropped 25% on Monday . The company traded as low as C$0.01 and last traded at C$0.02. Approximately 745,340 shares were traded 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 Stock Down 25.0 %

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

Insider Buying and Selling

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