International Lithium (CVE:ILC) Stock Price Down 20% – Here’s What Happened

International Lithium Corp. (CVE:ILC)’s stock price fell 20% during trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. 101,001 shares changed hands during trading, a decline of 53% from the average session volume of 213,720 shares. The stock had previously closed at C$0.03.

International Lithium Stock Down 20.0%

The firm has a 50 day moving average of C$0.02 and a two-hundred day moving average of C$0.03. The stock has a market capitalization of C$5.45 million, a PE ratio of 3.00 and a beta of -0.17. The company has a current ratio of 43.32, a quick ratio of 54.82 and a debt-to-equity ratio of 2.78.

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