International Lithium (CVE:ILC) Shares Down 13% – Here’s Why

International Lithium Corp. (CVE:ILC)’s share price fell 13% on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 298,501 shares changed hands during trading, an increase of 91% from the average session volume of 156,106 shares. The stock had previously closed at C$0.02.

International Lithium Trading Down 13.0%

The business has a 50 day simple moving average of C$0.02 and a 200-day simple moving average of 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 capitalization 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.