IBC Advanced Alloys (CVE:IB) Shares Up 6.3% – What’s Next?

Shares of IBC Advanced Alloys Corp. (CVE:IB) shot up 6.3% during trading on Thursday . The stock traded as high as C$0.18 and last traded at C$0.17. 61,000 shares traded hands during mid-day trading, an increase of 5% from the average session volume of 58,327 shares. The stock had previously closed at C$0.16.

IBC Advanced Alloys Stock Performance

The firm’s 50 day simple moving average is C$0.10 and its 200 day simple moving average is C$0.08. 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 has a market cap of C$26.32 million, a PE ratio of -11.50 and a beta of 2.41.

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.