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

International Lithium Corp. (CVE:ILC) shares were down 25% on Tuesday . The company traded as low as C$0.01 and last traded at C$0.02. Approximately 1,036,340 shares changed hands during mid-day 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 Stock Down 25.0 %

The stock’s 50 day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.02. The firm has a market cap of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03. The company has a debt-to-equity ratio of 2.78, a current ratio of 43.32 and a quick ratio of 54.82.

Insider Buying and Selling at International Lithium

In related news, Director John Michael Wisbey bought 2,000,000 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were purchased at an average cost of C$0.02 per share, with a total value of C$30,000.00. Over the last 90 days, insiders purchased 2,569,000 shares of company stock worth $38,535. 39.90% of the stock is owned by insiders.

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.