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

International Lithium Corp. (CVE:ILC) was down 25% during mid-day trading on Monday . The stock traded as low as C$0.01 and last traded at C$0.02. Approximately 1,036,340 shares traded 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 simple moving average of C$0.02 and a 200-day simple moving average of 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 PE ratio of -1.50 and a beta of 1.03.

Insider Activity at International Lithium

In other International Lithium news, Director John Michael Wisbey purchased 2,000,000 shares of International Lithium stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average price of C$0.02 per share, for a total transaction of C$30,000.00. Insiders bought a total of 2,569,000 shares of company stock valued at $38,535 in the last three months. 39.90% of the stock is currently 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.