International Lithium (CVE:ILC) Reaches New 1-Year Low – Here’s Why

International Lithium Corp. (CVE:ILC)’s share price reached a new 52-week low on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 52000 shares changing hands. The stock had previously closed at C$0.02.

International Lithium Stock Performance

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

Insider Activity

In other news, Director John Michael Wisbey bought 2,000,000 shares of the stock in a transaction dated Friday, January 24th. The shares were acquired at an average price of C$0.02 per share, with a total value of C$30,000.00. Over the last 90 days, insiders have purchased 2,374,000 shares of company stock valued at $35,610. Company insiders own 39.90% of the company’s stock.

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.