International Lithium (CVE:ILC) Stock Price Down 20% – Here’s Why
by Renee Jackson · The Cerbat GemInternational Lithium Corp. (CVE:ILC – Get Free Report)’s stock price was down 20% during trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 1,976,147 shares were traded during trading, an increase of 1,412% from the average daily volume of 130,707 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$0.03 and a 200-day moving average of C$0.02. The company has a debt-to-equity ratio of 2.78, a current ratio of 43.32 and a quick ratio of 54.82. The stock has a market capitalization of C$5.45 million, a P/E ratio of 3.00 and a beta of 0.19.
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.