International Lithium (CVE:ILC) Trading Down 25% – Should You Sell?

International Lithium Corp. (CVE:ILC) was down 25% on Monday . 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 Trading Down 25.0 %

The company has a market cap of C$3.73 million, a price-to-earnings ratio of -1.50 and a beta of 1.03. The company’s fifty day moving average price is C$0.02 and its two-hundred day moving average price is C$0.02. The company has a quick ratio of 54.82, a current ratio of 43.32 and a debt-to-equity ratio of 2.78.

Insider Transactions at International Lithium

In other news, Director John Michael Wisbey acquired 2,000,000 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was bought at an average price of C$0.02 per share, with a total value of C$30,000.00. Over the last 90 days, insiders bought 2,569,000 shares of company stock valued at $38,535. Corporate 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.