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

International Lithium Corp. (CVE:ILC) shares fell 25% on Monday . The stock traded as low as C$0.01 and last traded at C$0.02. 1,036,340 shares changed 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 Stock Down 25.0 %

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 capitalization of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03. The firm has a 50-day moving average price of C$0.02 and a two-hundred day moving average price of C$0.02.

Insider Buying and Selling

In other news, Director John Michael Wisbey bought 2,000,000 shares of International Lithium stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average cost of C$0.02 per share, with a total value of C$30,000.00. Insiders bought a total of 2,569,000 shares of company stock valued at $38,535 over the last ninety days. 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.