IBC Advanced Alloys (CVE:IB) Trading Down 23.3% – Time to Sell?

IBC Advanced Alloys Corp. (CVE:IB) dropped 23.3% on Tuesday . The company traded as low as C$0.16 and last traded at C$0.17. Approximately 257,360 shares were traded during mid-day trading, an increase of 400% from the average daily volume of 51,462 shares. The stock had previously closed at C$0.22.

IBC Advanced Alloys Trading Down 23.3%

The business’s 50-day moving average price is C$0.20 and its 200-day moving average price is C$0.14. The firm has a market capitalization of C$18.88 million, a PE ratio of -5.50 and a beta of 2.37. The company has a debt-to-equity ratio of 343.32, a current ratio of 0.81 and a quick ratio of 0.18.

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.