IBC Advanced Alloys (CVE:IB) Shares Down 23.3% – Here’s Why

by · The Markets Daily

Shares of IBC Advanced Alloys Corp. (CVE:IB – Get Free Report) fell 23.3% during trading on Tuesday . The stock traded as low as C$0.16 and last traded at C$0.17. 257,360 shares changed hands 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 Price Performance

The stock has a fifty day moving average of C$0.20 and a 200-day moving average of C$0.14. The firm has a market capitalization of C$22.89 million, a P/E ratio of -6.67 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.

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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