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

Shares of International Lithium Corp. (CVE:ILC) dropped 25% during mid-day trading on Tuesday . The stock 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 firm has a market capitalization of C$3.73 million, a PE ratio of -1.50 and a beta of 1.03. The firm has a 50 day simple moving average of C$0.02 and a 200 day simple moving average of 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.

Insider Buying and Selling

In related news, Director John Michael Wisbey bought 2,000,000 shares of the business’s stock in a transaction on Friday, January 24th. The stock was acquired 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 acquired 2,569,000 shares of company stock worth $38,535. 39.90% of the stock is owned by corporate 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.