International Lithium (CVE:ILC) Trading Down 16.7% – Should You Sell?

International Lithium Corp. (CVE:ILC)’s share price fell 16.7% during mid-day trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03. 875,135 shares were traded during trading, an increase of 606% from the average session volume of 123,944 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 firm has a market cap of C$6.81 million, a P/E ratio of 3.00 and a beta of 0.19. The company’s 50 day moving average is C$0.04 and its 200 day moving average 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.