International Lithium (CVE:ILC) Trading Down 25% – Time to Sell?

by · The Cerbat Gem

International Lithium Corp. (CVE:ILC – Get Free Report) was down 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 traded hands during 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 Stock Performance

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 cap of C$3.73 million, a price-to-earnings ratio of -1.50 and a beta of 1.03. The company has a 50 day simple moving average of C$0.02 and a 200 day simple moving average of C$0.02.

Insider Transactions at International Lithium

In other news, Director John Michael Wisbey purchased 2,000,000 shares of International Lithium stock in a transaction dated 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 three months, insiders have bought 2,569,000 shares of company stock worth $38,535. Insiders own 39.90% of the company’s stock.

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.

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