International Land Alliance (OTCMKTS:ILALD) Stock Price Down 7.6% – Here’s What Happened

International Land Alliance, Inc. (OTCMKTS:ILALD) fell 7.6% during mid-day trading on Tuesday . The company traded as low as $6.30 and last traded at $6.46. 11,002 shares changed hands during trading, a decline of 7% from the average session volume of 11,827 shares. The stock had previously closed at $6.99.

International Land Alliance Stock Performance

The stock’s 50-day moving average is $5.85 and its 200 day moving average is $8.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $13.14 million, a P/E ratio of -2.20 and a beta of -0.78.

About International Land Alliance

International Land Alliance, Inc operates as a residential land development company with target properties located primarily in the Baja California, Northern region of Mexico, and Southern California. Its principal activities include purchasing properties; obtaining zoning and other entitlements required to subdivide the properties into residential and commercial building lots; securing financing for the purchase of the lots; enhance the properties' infrastructure and amenities; and selling the plots to homebuyers, retirees, investors, and commercial developers.