International Lithium Corp (CVE:ILC) traded down 22.2% during trading on Monday . The company traded as low as C$0.04 and last traded at C$0.04, 192,000 shares traded hands during mid-day trading. An increase of 96% from the average session volume of 97,842 shares. The stock had previously closed at C$0.05.
The company has a debt-to-equity ratio of 562.43, a current ratio of 0.03 and a quick ratio of 0.02. The company has a market capitalization of $5.97 million and a price-to-earnings ratio of -1.90. The business’s 50 day simple moving average is C$0.03 and its 200 day simple moving average is C$0.05.
In other International Lithium news, Director John Michael Wisbey sold 925,000 shares of International Lithium stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of C$0.04, for a total value of C$37,000.00. Following the transaction, the director now directly owns 20,088,618 shares in the company, valued at C$803,544.72.
International Lithium Corp. engages in the investment, exploration, and development of mineral properties in Argentina, Canada, and Ireland. It primarily explores for lithium-potash and rare metal deposits, as well as boron, cesium, and tantalum. The company's principal project is the Mariana lithium-potash brine project covering an area of 160 square kilometers in Argentina.
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