International Lithium (CVE:ILC) Trading Down 25% – Here’s What Happened

International Lithium Corp. (CVE:ILC)’s stock price dropped 25% during mid-day trading on Friday . The company traded as low as C$0.01 and last traded at C$0.01. 162,300 shares changed hands during trading, an increase of 4% from the average daily volume of 155,978 shares. The stock had previously closed at C$0.02.

International Lithium Stock Performance

The stock’s 50-day moving average is C$0.02 and its 200-day moving average is C$0.02. The company has a current ratio of 43.32, a quick ratio of 54.82 and a debt-to-equity ratio of 2.77. The stock has a market cap of C$5.83 million, a price-to-earnings ratio of -2.00 and a beta of -0.72.

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.