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

Shares of International Lithium Corp. (CVE:ILC) were down 25% on Tuesday . The stock 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 Stock 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 firm has a market capitalization of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03. The company has a 50 day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.02.

Insiders Place Their Bets

In other news, Director John Michael Wisbey acquired 2,000,000 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were acquired at an average cost of C$0.02 per share, with a total value of C$30,000.00. Insiders acquired 2,569,000 shares of company stock worth $38,535 in the last three months. 39.90% of the stock is 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.