International Lithium (CVE:ILC) Shares Up 25% – Here’s Why

International Lithium Corp. (CVE:ILC) shares rose 25% during mid-day trading on Tuesday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 738,500 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 758,614 shares. The stock had previously closed at C$0.02.

International Lithium Trading Up 25.0%

The company has a market cap of C$6.81 million, a PE ratio of 3.00 and a beta of 0.02. The company’s 50 day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.02. The company has a debt-to-equity ratio of 2.78, a current ratio of 43.32 and a quick ratio of 54.82.

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. It also has an option agreement to acquire 90% interests in the Grass Roots Copper and Cobalt property located in Northwestern Ontario.