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

International Lithium Corp. (CVE:ILC)’s share price was down 25% during mid-day trading 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 Performance

The firm has a fifty day moving average of C$0.02 and a 200-day moving average of C$0.02. The firm has a market cap of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03. 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 Activity at International Lithium

In other news, Director John Michael Wisbey purchased 2,000,000 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average price of C$0.02 per share, for a total transaction of C$30,000.00. Insiders have bought a total of 2,569,000 shares of company stock worth $38,535 over the last 90 days. Insiders own 39.90% of the company’s stock.

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.