International Lithium (CVE:ILC) Stock Passes Below 50-Day Moving Average – What’s Next?

Shares of International Lithium Corp. (CVE:ILC) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.02 and traded as low as C$0.02. International Lithium shares last traded at C$0.02, with a volume of 82,000 shares trading hands.

International Lithium Stock Down 25.0 %

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 company’s 50-day simple moving average is C$0.02 and its 200 day simple moving average is C$0.02. The firm has a market cap of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03.

Insider Buying and Selling at International Lithium

In other International Lithium news, Director John Michael Wisbey acquired 2,000,000 shares of the stock in a transaction on 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 acquired 2,632,000 shares of company stock worth $39,480 over the last 90 days. 39.90% of the stock is owned by 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.