International Lithium (CVE:ILC) Shares Down 40% – What’s Next?

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

International Lithium Stock Performance

The company has a market capitalization of C$4.09 million, a P/E ratio of 3.00 and a beta of 0.19. 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 current ratio of 43.32, a quick ratio of 54.82 and a debt-to-equity ratio of 2.78.

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.