IBC Advanced Alloys (CVE:IB) Stock Price Down 23.3% – Here’s What Happened

Shares of IBC Advanced Alloys Corp. (CVE:IB – Get Free Report) fell 23.3% during mid-day trading on Monday . The stock traded as low as C$0.16 and last traded at C$0.17. 257,360 shares were traded during trading, an increase of 400% from the average session volume of 51,462 shares. The stock had previously closed at C$0.22.

IBC Advanced Alloys Trading Down 23.3%

The company has a market cap of C$18.88 million, a P/E ratio of -5.50 and a beta of 2.37. The company has a quick ratio of 0.18, a current ratio of 0.81 and a debt-to-equity ratio of 343.32. The firm’s 50 day moving average is C$0.20 and its two-hundred day moving average is C$0.14.

About IBC Advanced Alloys

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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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