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

International Lithium Corp. (CVE:ILC)’s share price dropped 25% on Monday . 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 Price Performance

The firm has a market cap of C$3.73 million, a price-to-earnings 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. The stock’s fifty day moving average price is C$0.02 and its 200-day moving average price is C$0.02.

Insider Buying and Selling

In related news, Director John Michael Wisbey bought 2,000,000 shares of the stock in a transaction on Friday, January 24th. The stock was bought at an average price of C$0.02 per share, with a total value of C$30,000.00. Over the last three months, insiders acquired 2,569,000 shares of company stock worth $38,535. Company insiders own 39.90% of the company’s stock.

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.