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

Shares of International Lithium Corp. (CVE:ILC) traded down 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 traded hands during mid-day 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 stock’s fifty day moving average price is C$0.02 and its 200 day moving average price is C$0.02. The company has a current ratio of 43.32, a quick ratio of 54.82 and a debt-to-equity ratio of 2.78. The stock has a market cap of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03.

Insider Buying and Selling at International Lithium

In other International Lithium news, Director John Michael Wisbey purchased 2,000,000 shares of International Lithium stock in a transaction on Friday, January 24th. The shares were acquired at an average cost of C$0.02 per share, for a total transaction of C$30,000.00. Insiders have bought 2,569,000 shares of company stock worth $38,535 over the last 90 days. 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.