International Land Alliance (OTCMKTS:ILAL) Stock Price Down 3.8% – Here’s Why

International Land Alliance, Inc. (OTCMKTS:ILAL) shares were down 3.8% during mid-day trading on Thursday . The stock traded as low as $0.11 and last traded at $0.13. Approximately 186,983 shares traded hands during trading, a decline of 59% from the average daily volume of 453,057 shares. The stock had previously closed at $0.13.

International Land Alliance Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.36 and a current ratio of 0.36. The company has a market capitalization of $12.20 million, a price-to-earnings ratio of 0.66 and a beta of -1.27. The firm has a 50-day simple moving average of $0.10 and a two-hundred day simple moving average of $0.08.

About International Land Alliance

International Land Alliance, Inc operates as a residential land development company with target properties located primarily in the Baja California, Northern region of Mexico, and Southern California. Its principal activities include purchasing properties; obtaining zoning and other entitlements required to subdivide the properties into residential and commercial building lots; securing financing for the purchase of the lots; enhance the properties' infrastructure and amenities; and selling the plots to homebuyers, retirees, investors, and commercial developers.