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

Shares of International Lithium Corp. (CVE:ILC) dropped 25% on Monday . The company traded as low as C$0.01 and last traded at C$0.02. Approximately 745,340 shares changed hands during trading, an increase of 605% from the average daily volume of 105,764 shares. The stock had previously closed at C$0.02.

International Lithium Price Performance

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 company has a market cap 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 at International Lithium

In related news, Director John Michael Wisbey bought 2,000,000 shares of the firm’s stock in a transaction that occurred 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 three months, insiders have acquired 2,569,000 shares of company stock worth $38,535. 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.