International Lithium (CVE:ILC) Stock Price Up 33.3% – What’s Next?

Shares of International Lithium Corp. (CVE:ILC) rose 33.3% during mid-day trading on Tuesday . The company traded as high as C$0.03 and last traded at C$0.02. 100,250 shares traded hands during trading, a decline of 37% from the average session volume of 160,335 shares. The stock had previously closed at C$0.01.

International Lithium Trading Up 33.3%

The stock has a fifty day moving average of C$0.02 and a 200 day moving average of C$0.02. The company has a market capitalization of C$5.83 million, a P/E ratio of -2.00 and a beta of -0.70. The company has a debt-to-equity ratio of 2.77, a quick ratio of 54.82 and a current ratio of 43.32.

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. It also has an option agreement to acquire 90% interests in the Grass Roots Copper and Cobalt property located in Northwestern Ontario.