International Lithium (CVE:ILC) Shares Down 13% – What’s Next?

Shares of International Lithium Corp. (CVE:ILC) fell 13% during trading on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02. 298,501 shares traded hands during trading, an increase of 91% from the average session volume of 156,106 shares. The stock had previously closed at C$0.02.

International Lithium Trading Up 25.0%

The stock has a market capitalization of C$7.29 million, a P/E ratio of -2.50 and a beta of -0.72. The stock’s fifty day moving average price is C$0.02 and its two-hundred day moving average price is 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 2.77.

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.