International Lithium (CVE:ILC) Trading Down 20% – Should You Sell?

International Lithium Corp. (CVE:ILC)’s share price was down 20% on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 458,436 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 683,569 shares. The stock had previously closed at C$0.03.

International Lithium Trading Down 20.0%

The company has a current ratio of 43.32, a quick ratio of 54.82 and a debt-to-equity ratio of 2.78. The company has a market capitalization of C$5.45 million, a price-to-earnings ratio of 3.00 and a beta of 0.02. The company has a fifty day moving average of C$0.03 and a 200-day moving average of 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.