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

Shares of International Lithium Corp. (CVE:ILC) traded down 20% during trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. 1,684,147 shares changed hands during mid-day trading, an increase of 1,243% from the average session volume of 125,421 shares. The stock had previously closed at C$0.03.

International Lithium Stock Performance

The business’s 50-day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.02. The company has a quick ratio of 54.82, a current ratio of 43.32 and a debt-to-equity ratio of 2.78. The firm has a market cap of C$5.45 million, a price-to-earnings ratio of 3.00 and a beta of 0.19.

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.