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

IBC Advanced Alloys Corp. (CVE:IB)’s share price was down 23.3% during trading on Tuesday . The company traded as low as C$0.16 and last traded at C$0.17. Approximately 257,360 shares were traded during mid-day 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 Stock Down 23.3%

The company has a market capitalization of C$18.88 million, a price-to-earnings ratio of -5.50 and a beta of 2.37. 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’s 50 day moving average is C$0.20 and its 200 day moving average is C$0.14.

About IBC Advanced Alloys

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.