IBC Advanced Alloys (CVE:IB) Trading Down 14.3% – Time to Sell?
by Mitch Edgeman · The Markets DailyIBC Advanced Alloys Corp. (CVE:IB – Get Free Report) was down 14.3% during trading on Thursday . The stock traded as low as C$0.15 and last traded at C$0.18. Approximately 332,217 shares changed 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 debt-to-equity ratio of 343.32, a quick ratio of 0.18 and a current ratio of 0.81. The firm’s 50-day moving average price is C$0.20 and its two-hundred day moving average price is C$0.12. The stock has a market cap of C$20.60 million, a price-to-earnings 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.