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

IBC Advanced Alloys Corp. (CVE:IB) shares fell 23.3% during mid-day trading on Tuesday . The company traded as low as C$0.16 and last traded at C$0.17. 257,360 shares were traded during mid-day trading, an increase of 400% from the average session volume of 51,462 shares. The stock had previously closed at C$0.22.

IBC Advanced Alloys Stock Performance

The company has a debt-to-equity ratio of 343.32, a quick ratio of 0.18 and a current ratio of 0.81. The business has a 50 day simple moving average of C$0.20 and a 200-day simple moving average of C$0.14. The stock has a market capitalization of C$24.60 million, a P/E 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.