IBC Advanced Alloys (CVE:IB) Shares Down 14.3% – Here’s Why
by Sarita Garza · The Markets DailyIBC Advanced Alloys Corp. (CVE:IB – Get Free Report)’s stock price fell 14.3% on Thursday . The stock traded as low as C$0.15 and last traded at C$0.18. 332,217 shares traded hands during 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 Trading Down 14.3%
The stock has a market capitalization of C$20.60 million, a PE ratio of -6.00 and a beta of 2.49. The stock’s 50 day moving average price is C$0.20 and its 200-day moving average price is C$0.12. The company has a quick ratio of 0.18, a current ratio of 0.81 and a debt-to-equity ratio of 343.32.
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.