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

International Lithium Corp. (CVE:ILC) shares were down 25% on Tuesday . The stock traded as low as C$0.01 and last traded at C$0.02. Approximately 1,036,340 shares traded 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 Stock Down 25.0 %

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 PE ratio of -1.50 and a beta of 1.03. The firm has a 50-day moving average of C$0.02 and a two-hundred day moving average of C$0.02.

Insider Buying and Selling

In related news, Director John Michael Wisbey acquired 2,000,000 shares of the business’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. In the last ninety days, insiders have bought 2,569,000 shares of company stock valued at $38,535. 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.