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

International Lithium Corp. (CVE:ILC)’s share price was down 25% during mid-day trading on Monday . The company 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 Stock Performance

The stock’s 50-day moving average price is C$0.02 and its 200-day moving average price is C$0.02. The company has a market cap of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03. The company has a debt-to-equity ratio of 2.78, a current ratio of 43.32 and a quick ratio of 54.82.

Insider Activity at International Lithium

In related news, Director John Michael Wisbey purchased 2,000,000 shares of the company’s stock in a transaction that occurred 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. Insiders purchased a total of 2,569,000 shares of company stock valued at $38,535 over the last quarter. 39.90% of the stock is owned by corporate insiders.

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.