International Lithium (CVE:ILC) Trading 25% Higher – Time to Buy?

Shares of International Lithium Corp. (CVE:ILC) traded up 25% on Wednesday . The stock traded as high as C$0.03 and last traded at C$0.03. 738,500 shares were traded during trading, a decline of 3% from the average session volume of 758,614 shares. The stock had previously closed at C$0.02.

International Lithium Stock 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’s 50-day moving average price is C$0.03 and its 200-day moving average price is C$0.02. The company has a market cap of C$5.45 million, a P/E ratio of 3.00 and a beta of 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.