International Lithium (CVE:ILC) Shares Down 16.7% – Here’s Why

International Lithium Corp. (CVE:ILC)’s stock price was down 16.7% during trading on Monday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 875,135 shares traded hands during mid-day trading, an increase of 606% from the average daily volume of 123,944 shares. The stock had previously closed at C$0.03.

International Lithium Stock Up 20.0%

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 company has a 50 day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.02. The company has a market capitalization of C$4.90 million, a P/E ratio of 3.00 and a beta of 0.19.

About International Lithium

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.