IBC Advanced Alloys (CVE:IB) Stock Price Down 23.3% – Should You Sell?

Shares of IBC Advanced Alloys Corp. (CVE:IBGet Free Report) fell 23.3% during trading on Monday . The stock traded as low as C$0.16 and last traded at C$0.17. 220,260 shares traded hands during mid-day trading, an increase of 391% from the average session volume of 44,855 shares. The stock had previously closed at C$0.22.

IBC Advanced Alloys Stock Down 23.3%

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

About IBC Advanced Alloys

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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.

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