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

International Lithium Corp. (CVE:ILC)’s stock price was down 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 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 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. The company has a 50 day moving average of C$0.02 and a 200-day moving average of C$0.02.

Insider Buying and Selling at International Lithium

In related news, Director John Michael Wisbey acquired 2,000,000 shares of the stock in a transaction dated Friday, January 24th. The shares were purchased at an average price of C$0.02 per share, for a total transaction of C$30,000.00. Insiders purchased a total of 2,419,000 shares of company stock worth $36,285 over the last three months. 39.90% of the stock is owned by 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.