IBC Advanced Alloys (CVE:IB) Trading Up 5% – Here’s Why

IBC Advanced Alloys Corp. (CVE:IB)’s share price rose 5% during mid-day trading on Tuesday . The stock traded as high as C$0.22 and last traded at C$0.21. Approximately 13,500 shares were traded during trading, a decline of 78% from the average daily volume of 60,992 shares. The stock had previously closed at C$0.20.

IBC Advanced Alloys Stock Performance

The firm has a market capitalization of C$24.03 million, a PE ratio of -7.00 and a beta of 2.49. The company has a debt-to-equity ratio of 343.32, a current ratio of 0.81 and a quick ratio of 0.18. The stock 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.