International Lithium (CVE:ILC) Stock Price Down 20% – Here’s Why

International Lithium Corp. (CVE:ILC) shares fell 20% during trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02. 468,436 shares traded hands during 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 Trading Down 20.0%

The firm has a market capitalization of C$5.45 million, a P/E ratio of 3.00 and a beta of 0.02. The stock has a 50-day simple moving average of C$0.03 and a two-hundred 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 2.78.

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.