International Lithium (CVE:ILC) Shares Down 25% – Here’s Why

International Lithium Corp. (CVE:ILC)’s stock price fell 25% during trading on Tuesday . The company traded as low as C$0.01 and last traded at C$0.02. 1,036,340 shares changed hands 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 market cap of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03. The company’s 50-day moving average is C$0.02 and its two-hundred 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.

Insiders Place Their Bets

In related news, Director John Michael Wisbey purchased 2,000,000 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were purchased at an average price of C$0.02 per share, with a total value of C$30,000.00. In the last quarter, insiders acquired 2,419,000 shares of company stock valued at $36,285. 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.