International Land Alliance (OTCMKTS:ILAL) Stock Price Down 3.8% – Here’s Why

International Land Alliance, Inc. (OTCMKTS:ILAL)’s stock price fell 3.8% during mid-day trading on Thursday . The stock traded as low as $0.11 and last traded at $0.13. 186,983 shares were traded during mid-day trading, a decline of 59% from the average session volume of 453,057 shares. The stock had previously closed at $0.13.

International Land Alliance Stock Down 3.8 %

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.36 and a current ratio of 0.36. The business has a 50 day simple moving average of $0.10 and a 200-day simple moving average of $0.08. The firm has a market capitalization of $12.20 million, a price-to-earnings ratio of 0.66 and a beta of -1.27.

About International Land Alliance

International Land Alliance, Inc operates as a residential land development company with target properties located primarily in the Baja California, Northern region of Mexico, and Southern California. Its principal activities include purchasing properties; obtaining zoning and other entitlements required to subdivide the properties into residential and commercial building lots; securing financing for the purchase of the lots; enhance the properties' infrastructure and amenities; and selling the plots to homebuyers, retirees, investors, and commercial developers.