International Lithium (CVE:ILC) Shares Down 20% – Here’s What Happened

Shares of International Lithium Corp. (CVE:ILC) fell 20% on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. 468,436 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 686,069 shares. The stock had previously closed at C$0.03.

International Lithium Stock Performance

The company has a market cap of C$6.81 million, a price-to-earnings ratio of 3.00 and a beta of 0.02. The company has a debt-to-equity ratio of 2.78, a current ratio of 43.32 and a quick ratio of 54.82. The firm has a fifty day simple moving average of C$0.03 and a 200 day simple moving average of 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.