International Lithium (CVE:ILC) Shares Down 25% – Should You Sell?

International Lithium Corp. (CVE:ILC) was down 25% on Tuesday . The stock traded as low as C$0.01 and last traded at C$0.02. Approximately 1,036,340 shares were traded 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 business has a 50 day moving average of C$0.02 and a 200-day moving average of C$0.02. 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 company has a debt-to-equity ratio of 2.78, a quick ratio of 54.82 and a current ratio of 43.32.

Insider Activity

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