International Lithium (CVE:ILC) Shares Down 25% – Here’s Why

International Lithium Corp. (CVE:ILCGet Free Report)’s stock price fell 25% during mid-day trading on Friday . The stock traded as low as C$0.02 and last traded at C$0.02. 351,105 shares changed hands during mid-day trading, an increase of 318% from the average session volume of 84,070 shares. The stock had previously closed at C$0.02.

International Lithium Price Performance

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 firm has a market capitalization of C$5.45 million, a P/E ratio of 2.00 and a beta of 0.42. The company has a 50-day moving average price of C$0.02 and a 200-day moving average price of C$0.02.

About International Lithium

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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.

Further Reading

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