International Lithium (CVE:ILC) Trading Up 33.3% – Time to Buy?

International Lithium Corp. (CVE:ILC)’s stock price shot up 33.3% during trading on Wednesday . The company traded as high as C$0.02 and last traded at C$0.02. 453,400 shares traded hands during mid-day trading, an increase of 236% from the average session volume of 134,883 shares. The stock had previously closed at C$0.02.

International Lithium Stock Performance

The stock has a market cap of C$4.90 million, a PE ratio of 3.00 and a beta of 0.19. The stock has a fifty day moving average of C$0.03 and a 200-day moving average of 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.

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.