International Lithium (CVE:ILC) Shares Down 28.6% – Here’s Why

International Lithium Corp. (CVE:ILCGet Free Report)’s share price was down 28.6% during mid-day trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 381,329 shares traded 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 Price Performance

The company has a fifty day simple moving average of C$0.04 and a 200-day simple moving average of C$0.02. The company has a market cap of C$8.17 million, a P/E ratio of 3.00 and a beta of 0.19. The company has a debt-to-equity ratio of 2.78, a current ratio of 43.32 and a quick ratio of 54.82.

International Lithium Company Profile

(Get Free Report)

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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