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

International Lithium Corp. (CVE:ILC) shares traded down 25% on Monday . The stock traded as low as C$0.01 and last traded at C$0.02. 745,340 shares traded hands during trading, an increase of 605% from the average session volume of 105,764 shares. The stock had previously closed at C$0.02.

International Lithium Trading Down 25.0 %

The stock has a market cap of C$3.73 million, a price-to-earnings ratio of -1.50 and a beta of 1.03. The firm’s 50 day moving average is C$0.02 and its two-hundred day moving average is 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.

Insider Buying and Selling

In other news, Director John Michael Wisbey purchased 2,000,000 shares of the company’s stock in a transaction on Friday, January 24th. The shares were bought at an average price of C$0.02 per share, for a total transaction of C$30,000.00. Insiders have acquired a total of 2,569,000 shares of company stock worth $38,535 over the last quarter. 39.90% of the stock is owned by company insiders.

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.