International Lithium (CVE:ILC) Stock Price Up 33.3% – Still a Buy?

Shares of International Lithium Corp. (CVE:ILC) were up 33.3% during trading on Wednesday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 453,400 shares changed hands during trading, an increase of 236% from the average daily volume of 134,883 shares. The stock had previously closed at C$0.02.

International Lithium Stock Performance

The stock has a market cap of C$5.45 million, a P/E 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. The stock’s 50 day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.02.

International Lithium Company Profile

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.