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

Shares of International Lithium Corp. (CVE:ILC) dropped 25% during trading on Tuesday . The stock 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 firm has a fifty day moving average price of C$0.02 and a 200 day moving average price of C$0.02. 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 company has a market cap of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03.

Insider Transactions at International Lithium

In other news, Director John Michael Wisbey acquired 2,000,000 shares of the company’s stock in a transaction on Friday, January 24th. The stock was purchased at an average cost of C$0.02 per share, with a total value of C$30,000.00. Over the last quarter, insiders have acquired 2,419,000 shares of company stock worth $36,285. 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.