International Lithium (CVE:ILC) Trading Down 25% – Should You Sell?

International Lithium Corp. (CVE:ILC) fell 25% during trading on Monday . The stock traded as low as C$0.01 and last traded at C$0.02. 1,036,340 shares traded hands during 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 Performance

The stock’s 50-day simple moving average is C$0.02 and its 200 day simple moving average is C$0.02. The company has a market capitalization of C$3.73 million, a PE ratio of -1.50 and a beta of 1.03. The company has a debt-to-equity ratio of 2.78, a quick ratio of 54.82 and a current ratio of 43.32.

Insider Buying and Selling

In other International Lithium news, Director John Michael Wisbey purchased 2,000,000 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average cost of C$0.02 per share, with a total value of C$30,000.00. Over the last quarter, insiders bought 2,569,000 shares of company stock worth $38,535. 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.