International Lithium (CVE:ILC) Shares Down 40% – Should You Sell?

by · The Cerbat Gem

Shares of International Lithium Corp. (CVE:ILC – Get Free Report) fell 40% during mid-day trading on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. 2,376,253 shares were traded during mid-day trading, an increase of 1,677% from the average session volume of 133,703 shares. The stock had previously closed at C$0.03.

International Lithium Trading Down 40.0%

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 stock has a market capitalization of C$4.09 million, a P/E ratio of 3.00 and a beta of 0.19. The company has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.02.

International Lithium Company Profile

(Get Free Report)

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.

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