IBC Advanced Alloys (CVE:IB) Trading Down 14.3% – Here’s What Happened
by Scott Moore · The Cerbat GemIBC Advanced Alloys Corp. (CVE:IB – Get Free Report) shares fell 14.3% during mid-day trading on Thursday . The company traded as low as C$0.15 and last traded at C$0.18. 332,217 shares traded hands during mid-day trading, an increase of 431% from the average session volume of 62,516 shares. The stock had previously closed at C$0.21.
IBC Advanced Alloys Stock Down 14.3%
The company has a debt-to-equity ratio of 343.32, a quick ratio of 0.18 and a current ratio of 0.81. The stock’s 50 day simple moving average is C$0.20 and its 200 day simple moving average is C$0.12. The firm has a market cap of C$20.60 million, a P/E ratio of -6.00 and a beta of 2.49.
About IBC Advanced Alloys
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.