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

International Lithium Corp. (CVE:ILC)’s stock price was down 25% on Tuesday . The stock traded as low as C$0.01 and last traded at C$0.02. Approximately 1,036,340 shares traded 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 Price Performance

The company has a 50 day moving average price of C$0.02 and a 200-day moving average price of C$0.02. 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 has a quick ratio of 54.82, a current ratio of 43.32 and a debt-to-equity ratio of 2.78.

Insider Buying and Selling at International Lithium

In other International Lithium news, Director John Michael Wisbey purchased 2,000,000 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were bought at an average price of C$0.02 per share, for a total transaction of C$30,000.00. In the last ninety days, insiders acquired 2,419,000 shares of company stock worth $36,285. 39.90% of the stock is currently owned by company insiders.

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.