International Lithium (CVE:ILC) Trading Down 40% – What’s Next?
by Tristan Rich · The Markets DailyShares of International Lithium Corp. (CVE:ILC – Get Free Report) traded down 40% during trading on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. 2,376,253 shares changed hands during 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 Up 20.0%
The firm has a market cap of C$4.90 million, a P/E ratio of 3.00 and a beta of 0.19. The business’s 50-day moving average is C$0.03 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.
International Lithium Company Profile
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.