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

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

International Lithium Stock Down 25.0 %

The firm’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 quick ratio of 54.82, a current ratio of 43.32 and a debt-to-equity ratio of 2.78. The company has a market cap of C$3.73 million, a price-to-earnings ratio of -1.50 and a beta of 1.03.

Insider Activity

In related news, Director John Michael Wisbey acquired 2,000,000 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was acquired at an average cost of C$0.02 per share, for a total transaction of C$30,000.00. Insiders purchased 2,569,000 shares of company stock worth $38,535 over the last three months. Corporate 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.