IBC Advanced Alloys (CVE:IB) Stock Price Down 14.3% – Here’s What Happened

IBC Advanced Alloys Corp. (CVE:IB) dropped 14.3% on Thursday . The company traded as low as C$0.15 and last traded at C$0.18. Approximately 332,217 shares changed hands during mid-day 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 stock has a market capitalization of C$20.60 million, a PE ratio of -6.00 and a beta of 2.49. The company has a quick ratio of 0.18, a current ratio of 0.81 and a debt-to-equity ratio of 343.32. The business’s fifty day moving average is C$0.20 and its two-hundred day moving average is 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.