IBC Advanced Alloys (CVE:IB) Trading Down 28.6% – Here’s Why

by · The Markets Daily

IBC Advanced Alloys Corp. (CVE:IB – Get Free Report)’s share price dropped 28.6% during trading on Wednesday . The stock traded as low as C$0.15 and last traded at C$0.15. Approximately 263,217 shares traded hands during trading, an increase of 324% from the average daily volume of 62,128 shares. The stock had previously closed at C$0.21.

IBC Advanced Alloys Trading Down 14.3%

The firm has a market capitalization of C$20.60 million, a PE ratio of -6.00 and a beta of 2.49. The company has a debt-to-equity ratio of 343.32, a current ratio of 0.81 and a quick ratio of 0.18. The company has a fifty day moving average of C$0.20 and a 200-day moving average of C$0.12.

IBC Advanced Alloys Company Profile

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IBC Advanced Alloys Corp. develops, produces, and sells specialty alloy products in the United States and internationally. The company operates through Copper Alloys and Engineered Materials segments. It offers various copper alloys as castings and forgings, such as beryllium copper, chrome copper, oxygen-free high conductivity copper, and aluminum bronze in the form of plates, blocks, rounds, discs, bars, rings, tubes, rods, and other custom forgings, as well as specialty copper alloy forgings for plastic mold tooling and resistance welding applications.

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