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

International Lithium Corp. (CVE:ILC)’s share price traded down 25% during trading on Monday . The stock traded as low as C$0.01 and last traded at C$0.02. 1,036,340 shares were traded during 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 Price Performance

The business’s 50-day simple moving average is C$0.02 and its 200 day simple moving average is 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 current ratio of 43.32, a quick ratio of 54.82 and a debt-to-equity ratio of 2.78.

Insider Activity at International Lithium

In other news, Director John Michael Wisbey acquired 2,000,000 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was acquired at an average price of C$0.02 per share, for a total transaction of C$30,000.00. Insiders have purchased 2,569,000 shares of company stock worth $38,535 over the last quarter. 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.