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

International Lithium Corp. (CVE:ILC)’s share price traded down 25% on Tuesday . The stock traded as low as C$0.01 and last traded at C$0.02. 1,036,340 shares traded hands during mid-day trading, an increase of 821% from the average session volume of 112,532 shares. The stock had previously closed at C$0.02.

International Lithium Price Performance

The stock has a market capitalization of C$3.73 million, a price-to-earnings ratio of -1.50 and a beta of 1.03. The company’s 50-day simple moving average is C$0.02 and its 200-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.

Insider Activity at International Lithium

In other news, Director John Michael Wisbey acquired 2,000,000 shares of International Lithium stock in a transaction on Friday, January 24th. The shares were purchased at an average cost of C$0.02 per share, for a total transaction of C$30,000.00. Insiders bought 2,419,000 shares of company stock worth $36,285 in the last ninety days. 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.