IBC Advanced Alloys (CVE:IB) Stock Price Down 14.3% – Here’s Why

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

IBC Advanced Alloys Stock Down 14.3%

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 50-day moving average price of C$0.20 and a 200-day moving average price of C$0.12. The company has a market capitalization of C$20.60 million, a P/E ratio of -6.00 and a beta of 2.49.

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.