International Lithium (CVE:ILC) Stock Price Down 40% – What’s Next?

International Lithium Corp. (CVE:ILC)’s stock price traded down 40% on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. 2,376,253 shares traded hands during mid-day trading, an increase of 1,677% from the average session volume of 133,703 shares. The stock had previously closed at C$0.03.

International Lithium Stock Performance

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 capitalization of C$4.09 million, a price-to-earnings ratio of 3.00 and a beta of 0.19. The stock’s 50-day moving average price is C$0.03 and its 200-day moving average price is C$0.02.

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. It also has an option agreement to acquire 90% interests in the Grass Roots Copper and Cobalt property located in Northwestern Ontario.