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

International Lithium Corp. (CVE:ILC)’s share price was down 25% during trading on Tuesday . The company 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 Price Performance

The firm has a market capitalization of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03. The company has a debt-to-equity ratio of 2.78, a current ratio of 43.32 and a quick ratio of 54.82. The stock’s fifty day simple moving average is C$0.02 and its 200 day simple moving average is C$0.02.

Insiders Place Their Bets

In related news, Director John Michael Wisbey acquired 2,000,000 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were purchased at an average price of C$0.02 per share, for a total transaction of C$30,000.00. Over the last ninety days, insiders bought 2,569,000 shares of company stock worth $38,535. 39.90% of the stock is owned by corporate 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.