International Lithium (CVE:ILC) Shares Down 25% – Here’s What Happened

Shares of International Lithium Corp. (CVE:ILC) were down 25% during trading on Tuesday . The company traded as low as C$0.01 and last traded at C$0.02. Approximately 1,036,340 shares changed hands during mid-day 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 current ratio of 43.32, a quick ratio of 54.82 and a debt-to-equity ratio of 2.78. The company has a market capitalization of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03. The business has a 50 day moving average price of C$0.02 and a 200 day moving average price of C$0.02.

Insider Activity

In other International Lithium news, Director John Michael Wisbey bought 2,000,000 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average cost of C$0.02 per share, with a total value of C$30,000.00. Insiders purchased a total of 2,569,000 shares of company stock valued at $38,535 in the last ninety days. 39.90% of the stock is owned by 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.