IBC Advanced Alloys (CVE:IB) Trading 2.5% Higher – Still a Buy?

IBC Advanced Alloys Corp. (CVE:IB) traded up 2.5% during trading on Thursday . The company traded as high as C$0.22 and last traded at C$0.21. 94,000 shares were traded during mid-day trading, an increase of 153% from the average session volume of 37,159 shares. The stock had previously closed at C$0.20.

IBC Advanced Alloys Trading Up 4.9%

The firm has a 50-day simple moving average of C$0.20 and a 200-day simple moving average of C$0.14. 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 stock has a market cap of C$24.60 million, a PE ratio of -7.17 and a beta of 2.37.

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.