IBC Advanced Alloys (CVE:IB) Stock Price Down 23.3% – What’s Next?

IBC Advanced Alloys Corp. (CVE:IBGet Free Report) dropped 23.3% during trading on Monday . The stock traded as low as C$0.16 and last traded at C$0.17. Approximately 257,360 shares traded hands during 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 Price Performance

The firm’s 50 day moving average price is C$0.20 and its two-hundred day moving average price is C$0.14. 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 market cap of C$18.88 million, a PE ratio of -5.50 and a beta of 2.37.

IBC Advanced Alloys Company Profile

(Get Free Report)

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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