International Lithium (CVE:ILC) Stock Price Down 40% – Should You Sell?

International Lithium Corp. (CVE:ILC) was down 40% during mid-day trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 2,376,253 shares were traded during mid-day trading, an increase of 1,677% from the average daily volume of 133,703 shares. The stock had previously closed at C$0.03.

International Lithium Price Performance

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 stock has a market capitalization of C$4.09 million, a price-to-earnings ratio of 3.00 and a beta of 0.19. The company has a 50-day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.02.

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.