IBC Advanced Alloys (CVE:IB) Shares Down 28.6% – Here’s Why

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

IBC Advanced Alloys Stock Performance

The firm’s 50 day simple moving average is C$0.20 and its 200 day simple moving average is C$0.12. The firm has a market capitalization of C$20.60 million, a price-to-earnings ratio of -6.00 and a beta of 2.49. The company has a debt-to-equity ratio of 343.32, a quick ratio of 0.18 and a current ratio of 0.81.

About IBC Advanced Alloys

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.