International Lithium (CVE:ILC) Trading Down 25% – What’s Next?

International Lithium Corp. (CVE:ILC)’s stock price fell 25% during mid-day trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. 271,100 shares were traded during mid-day trading, an increase of 259% from the average session volume of 75,609 shares. The stock had previously closed at C$0.02.

International Lithium Price 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’s 50-day moving average is C$0.02 and its 200-day moving average is C$0.01.

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.