IBC Advanced Alloys (CVE:IB) Shares Down 28.6% – Should You Sell?

IBC Advanced Alloys Corp. (CVE:IB)’s stock price dropped 28.6% during trading on Wednesday . The stock traded as low as C$0.15 and last traded at C$0.15. Approximately 263,217 shares were traded during mid-day trading, an increase of 324% from the average daily volume of 62,128 shares. The stock had previously closed at C$0.21.

IBC Advanced Alloys Stock Down 14.3%

The firm has a market cap of C$20.60 million, a PE ratio of -6.00 and a beta of 2.49. 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 50 day moving average price of C$0.20 and a 200-day moving average price of C$0.12.

IBC Advanced Alloys Company Profile

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.