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

International Lithium Corp. (CVE:ILC) dropped 25% during trading on Monday . The company traded as low as C$0.01 and last traded at C$0.02. Approximately 1,036,340 shares traded hands during trading, an increase of 821% from the average daily volume of 112,532 shares. The stock had previously closed at C$0.02.

International Lithium Trading Down 25.0 %

The company has a market cap of C$3.73 million, a PE 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. The company has a 50 day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.02.

Insider Activity at International Lithium

In other news, Director John Michael Wisbey acquired 2,000,000 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average cost of C$0.02 per share, for a total transaction of C$30,000.00. Over the last three months, insiders have purchased 2,569,000 shares of company stock valued at $38,535. Corporate insiders own 39.90% of the company’s stock.

About International Lithium

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.