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

IBC Advanced Alloys Corp. (CVE:IB)’s stock price fell 23.3% during mid-day trading on Tuesday . The stock traded as low as C$0.16 and last traded at C$0.17. 257,360 shares traded hands during mid-day 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 Stock Down 23.3%

The company has a market cap of C$18.88 million, a PE ratio of -5.50 and a beta of 2.37. The company has a fifty day moving average of C$0.20 and a two-hundred day moving average of C$0.14. The company has a debt-to-equity ratio of 343.32, a quick ratio of 0.18 and a current ratio of 0.81.

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.