International Lithium (CVE:ILC) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

International Lithium Corp. (CVE:ILC) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.02 and traded as high as C$0.02. International Lithium shares last traded at C$0.02, with a volume of 33,000 shares trading hands.

International Lithium Price Performance

The firm’s 50 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 current ratio of 43.32 and a quick ratio of 54.82. The firm has a market cap of C$4.97 million, a P/E ratio of -2.00 and a beta of 1.03.

Insider Buying and Selling

In other International Lithium news, Director John Michael Wisbey bought 2,000,000 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was acquired 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 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.