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

International Lithium Corp. (CVE:ILC) dropped 25% during trading on Monday . The stock traded as low as C$0.01 and last traded at C$0.02. Approximately 1,036,340 shares were traded 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 Trading Down 25.0 %

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 business’s 50-day moving average is C$0.02 and its two-hundred day moving average 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.

Insider Activity

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