International Lithium (CVE:ILC) Shares Cross Above Fifty Day Moving Average – What’s Next?

International Lithium Corp. (CVE:ILC) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.02 and traded as high as C$0.02. International Lithium shares last traded at C$0.02, with a volume of 33,000 shares traded.

International Lithium Trading Up 33.3 %

The company’s 50-day moving average is C$0.02 and its 200-day moving average is C$0.02. The firm has a market cap of C$4.97 million, a price-to-earnings ratio of -2.00 and a beta of 1.03. The company has a debt-to-equity ratio of 2.78, a quick ratio of 54.82 and a current ratio of 43.32.

Insider Buying and Selling

In related news, Director John Michael Wisbey purchased 2,000,000 shares of International Lithium stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average price of C$0.02 per share, for a total transaction of C$30,000.00. Insiders have purchased a total of 2,569,000 shares of company stock worth $38,535 in the last 90 days. Corporate insiders own 39.90% of the company’s stock.

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.