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

International Lithium Corp. (CVE:ILC)’s stock price fell 25% on Tuesday . The stock traded as low as C$0.01 and last traded at C$0.02. 1,036,340 shares changed hands during mid-day trading, an increase of 821% from the average session volume of 112,532 shares. The stock had previously closed at C$0.02.

International Lithium Stock Down 25.0 %

The company’s 50 day moving average price is C$0.02 and its two-hundred 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. The stock has a market cap of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03.

Insider Transactions at International Lithium

In other news, Director John Michael Wisbey bought 2,000,000 shares of International Lithium stock in a transaction that occurred 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. Insiders have acquired 2,569,000 shares of company stock worth $38,535 in the last quarter. Company insiders own 39.90% of the company’s stock.

About International Lithium

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.