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

by · The Markets Daily

International Lithium Corp. (CVE:ILC – Get Free Report) dropped 20% during trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02. 228,475 shares traded hands during mid-day trading, an increase of 29% from the average daily volume of 176,996 shares. The stock had previously closed at C$0.03.

International Lithium Trading Down 20.0%

The company has a market cap of C$5.45 million, a price-to-earnings ratio of -2.00 and a beta of -0.70. The firm has a 50 day moving average price of C$0.02 and a two-hundred day moving average price 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 2.77.

About International Lithium

(Get Free Report)

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.

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