International Lithium (CVE:ILC) Stock Price Down 40% – Here’s Why

International Lithium Corp. (CVE:ILC)’s share price was down 40% during trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 2,376,253 shares were traded during mid-day trading, an increase of 1,677% from the average daily volume of 133,703 shares. The stock had previously closed at C$0.03.

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 stock has a market capitalization of C$4.90 million, a PE ratio of 3.00 and a beta of 0.19. The company’s fifty day simple moving average is C$0.03 and its two-hundred day simple moving average is C$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.