International Lithium Corp. (CVE:ILC – Get Free Report)’s stock price dropped 25% during trading on Monday . The stock traded as low as C$0.01 and last traded at C$0.02. Approximately 1,036,340 shares traded 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 Price Performance
The company has a market capitalization of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03. The firm’s fifty day moving average is C$0.02 and its 200 day moving average is C$0.02. The company has a debt-to-equity ratio of 2.78, a quick ratio of 54.82 and a current ratio of 43.32.
Insider Activity at International Lithium
In related news, Director John Michael Wisbey acquired 2,000,000 shares of the stock in a transaction on Friday, January 24th. The stock was 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 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.
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