International Lithium (CVE:ILC) Sets New 12-Month Low – Here’s Why

International Lithium Corp. (CVE:ILC)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as C$0.01 and last traded at C$0.02, with a volume of 225750 shares changing hands. The stock had previously closed at C$0.02.

International Lithium Stock Performance

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’s fifty day moving average price is C$0.02 and its 200 day moving average price 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.

Insider Buying and Selling

In other International Lithium news, Director John Michael Wisbey acquired 2,000,000 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average cost of C$0.02 per share, for a total transaction of C$30,000.00. Over the last three months, insiders acquired 3,040,000 shares of company stock worth $45,600. Corporate 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.