International Lithium (CVE:ILC) Trading Down 20% – Here’s Why

International Lithium Corp. (CVE:ILC) shares were down 20% on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 468,436 shares changed hands during trading, a decline of 32% from the average daily volume of 686,069 shares. The stock had previously closed at C$0.03.

International Lithium Price Performance

The company has a 50-day moving average of C$0.03 and a 200-day moving average of C$0.02. 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 stock has a market cap of C$5.45 million, a price-to-earnings 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.