International Lithium (CVE:ILC) Reaches New 1-Year Low – Here’s What Happened

Shares of International Lithium Corp. (CVE:ILC) reached a new 52-week low during trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 52000 shares changing hands. 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 stock has a market cap of C$3.73 million, a PE ratio of -1.50 and a beta of 1.03. The company has a current ratio of 43.32, a quick ratio of 54.82 and a debt-to-equity ratio of 2.78.

Insiders Place Their Bets

In other news, Director John Michael Wisbey purchased 2,000,000 shares of the stock in a transaction on Friday, January 24th. The stock was purchased at an average price of C$0.02 per share, with a total value of C$30,000.00. In the last ninety days, insiders have acquired 2,374,000 shares of company stock valued at $35,610. 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.