IBC Advanced Alloys (CVE:IB) Trading Down 14.3% – What’s Next?

by · The Cerbat Gem

IBC Advanced Alloys Corp. (CVE:IB – Get Free Report) dropped 14.3% during trading on Wednesday . The company traded as low as C$0.15 and last traded at C$0.18. Approximately 332,217 shares were traded 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 firm has a market capitalization of C$20.60 million, a price-to-earnings ratio of -6.00 and a beta of 2.49. 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 fifty day moving average is C$0.20 and its two-hundred day moving average is C$0.12.

About IBC Advanced Alloys

(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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