International Lithium (CVE:ILC) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

International Lithium Corp. (CVE:ILCGet Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.03 and traded as low as C$0.02. International Lithium shares last traded at C$0.02, with a volume of 39,000 shares changing hands.

International Lithium Trading Down 20.0%

The company has a market cap of C$5.45 million, a PE ratio of 3.00 and a beta of -0.15. The company’s 50 day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.03. The company has a debt-to-equity ratio of 2.78, a current ratio of 43.32 and a quick ratio of 54.82.

About International Lithium

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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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