International Lithium (CVE:ILC) Trading Down 25% – Here’s What Happened

Shares of International Lithium Corp. (CVE:ILC) traded down 25% during trading on Monday . The stock traded as low as C$0.01 and last traded at C$0.02. 1,036,340 shares were traded during 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 has a debt-to-equity ratio of 2.78, a quick ratio of 54.82 and a current ratio of 43.32. The stock has a market capitalization of C$3.73 million, a price-to-earnings ratio of -1.50 and a beta of 1.03. The firm’s fifty day simple moving average is C$0.02 and its 200 day simple moving average is C$0.02.

Insiders Place Their Bets

In other International Lithium news, Director John Michael Wisbey purchased 2,000,000 shares of the firm’s stock in a transaction dated 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 three months, insiders have purchased 2,569,000 shares of company stock worth $38,535. 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.