IBC Advanced Alloys (CVE:IB) Trading Down 14.3% – What’s Next?

IBC Advanced Alloys Corp. (CVE:IB)’s stock price fell 14.3% during mid-day trading on Thursday . The company traded as low as C$0.15 and last traded at C$0.18. 332,217 shares were traded during trading, an increase of 431% from the average session volume of 62,516 shares. The stock had previously closed at C$0.21.

IBC Advanced Alloys Price Performance

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 company has a market cap of C$20.60 million, a price-to-earnings ratio of -6.00 and a beta of 2.49. The stock’s 50-day simple moving average is C$0.20 and its 200 day simple moving average is C$0.12.

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.