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

International Lithium Corp. (CVE:ILC)’s share price was down 25% during mid-day trading on Monday . The company traded as low as C$0.01 and last traded at C$0.02. Approximately 1,036,340 shares were traded 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 Stock Down 25.0 %

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

Insiders Place Their Bets

In other International Lithium news, Director John Michael Wisbey acquired 2,000,000 shares of International Lithium stock in a transaction dated Friday, January 24th. The stock was bought at an average cost of C$0.02 per share, with a total value of C$30,000.00. Insiders purchased 2,569,000 shares of company stock valued at $38,535 over 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.