International Lithium (CVE:ILC) Shares Down 20% – What’s Next?

International Lithium Corp. (CVE:ILC)’s stock price fell 20% during trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. 468,436 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 686,069 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 current ratio of 43.32 and a quick ratio of 54.82. The stock has a fifty day moving average price of C$0.03 and a two-hundred day moving average price of C$0.02. The company has a market cap of C$5.45 million, a P/E ratio of 3.00 and a beta of 0.02.

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.