IBC Advanced Alloys (CVE:IB) Shares Down 14.3% – Here’s Why

by · The Cerbat Gem

IBC Advanced Alloys Corp. (CVE:IB – Get Free Report) shares dropped 14.3% during mid-day trading on Thursday . The stock traded as low as C$0.15 and last traded at C$0.18. Approximately 332,217 shares traded hands during trading, an increase of 431% from the average daily volume of 62,516 shares. The stock had previously closed at C$0.21.

IBC Advanced Alloys Stock Performance

The company has a current ratio of 0.81, a quick ratio of 0.18 and a debt-to-equity ratio of 343.32. The firm has a market cap 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.

IBC Advanced Alloys Company Profile

(Get Free Report)

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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