International Lithium (CVE:ILC) Shares Down 28.6% – Should You Sell?

International Lithium Corp. (CVE:ILCGet Free Report)’s stock price was down 28.6% during mid-day trading on Monday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 381,329 shares changed hands during mid-day trading, an increase of 233% from the average daily volume of 114,348 shares. The stock had previously closed at C$0.04.

International Lithium Trading Down 14.3%

The firm’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.02. The company has a debt-to-equity ratio of 2.78, a current ratio of 43.32 and a quick ratio of 54.82. The firm has a market capitalization of C$8.17 million, a price-to-earnings ratio of 3.00 and a beta of 0.19.

About International Lithium

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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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