International Lithium (CVE:ILC) Shares Down 25% – Should You Sell?

Shares of International Lithium Corp. (CVE:ILC) traded down 25% during mid-day trading on Monday . The company 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 Price Performance

The business’s fifty day simple moving average is C$0.02 and its 200-day simple moving average is C$0.02. The company has a current ratio of 43.32, a quick ratio of 54.82 and a debt-to-equity ratio of 2.78. The firm has a market cap of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03.

Insider Buying and Selling at International Lithium

In other International Lithium news, Director John Michael Wisbey acquired 2,000,000 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average price of C$0.02 per share, for a total transaction of C$30,000.00. Insiders have acquired 2,569,000 shares of company stock valued at $38,535 in the last 90 days. 39.90% of the stock is currently 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.