International Lithium (CVE:ILC) Trading 25% Higher – Here’s Why

International Lithium Corp. (CVE:ILC)’s stock price traded up 25% during trading on Wednesday . The stock traded as high as C$0.03 and last traded at C$0.03. 738,500 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 758,614 shares. The stock had previously closed at C$0.02.

International Lithium Stock Performance

The firm has a market capitalization of C$6.81 million, a price-to-earnings ratio of 3.00 and a beta of 0.02. The company has a 50-day moving average price of C$0.03 and a 200-day moving average price of C$0.02. The company has a quick ratio of 54.82, a current ratio of 43.32 and a debt-to-equity ratio of 2.78.

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.