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

Shares of International Lithium Corp. (CVE:ILC) fell 25% during trading on Tuesday . The company traded as low as C$0.01 and last traded at C$0.02. 1,036,340 shares changed hands during mid-day trading, an increase of 821% from the average session volume of 112,532 shares. The stock had previously closed at C$0.02.

International Lithium Price Performance

The stock has a 50-day simple moving average of C$0.02 and a 200 day simple moving average of C$0.02. The company has a debt-to-equity ratio of 2.78, a quick ratio of 54.82 and a current ratio of 43.32. The company has a market cap of C$3.73 million, a P/E ratio of -1.50 and a beta of 1.03.

Insiders Place Their Bets

In other news, Director John Michael Wisbey acquired 2,000,000 shares of International Lithium stock in a transaction on Friday, January 24th. The stock was bought at an average price of C$0.02 per share, for a total transaction of C$30,000.00. In the last quarter, insiders bought 2,419,000 shares of company stock worth $36,285. 39.90% of the stock is currently owned by company insiders.

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.