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

International Lithium Corp. (CVE:ILC) shares dropped 40% during mid-day trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 2,376,253 shares traded hands during trading, an increase of 1,678% from the average daily volume of 133,616 shares. The stock had previously closed at C$0.03.

International Lithium Price Performance

The business’s 50-day moving average price is C$0.03 and its two-hundred day moving average price is C$0.02. The firm has a market cap of C$4.09 million, a price-to-earnings ratio of 3.00 and a beta of 0.19. 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

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.