International Lithium (CVE:ILC) Stock Price Down 25% – Time to Sell?

International Lithium Corp. (CVE:ILC)’s share price was down 25% on Monday . 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 Trading Down 25.0 %

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

Insiders Place Their Bets

In other International Lithium news, Director John Michael Wisbey purchased 2,000,000 shares of the company’s stock in a transaction on Friday, January 24th. The shares were bought at an average cost of C$0.02 per share, with a total value of C$30,000.00. Insiders bought a total of 2,569,000 shares of company stock valued at $38,535 in the last quarter. 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.