IBC Advanced Alloys (CVE:IB) Trading Up 29.4% – Here’s Why

IBC Advanced Alloys Corp. (CVE:IB)’s stock price was up 29.4% on Friday . The stock traded as high as C$0.25 and last traded at C$0.22. Approximately 394,128 shares changed hands during trading, an increase of 548% from the average daily volume of 60,815 shares. The stock had previously closed at C$0.17.

IBC Advanced Alloys Stock Up 29.4%

The firm’s 50 day moving average is C$0.09 and its two-hundred day moving average is C$0.07. The stock has a market cap of C$25.17 million, a price-to-earnings ratio of -11.00 and a beta of 2.41. The company has a current ratio of 0.81, a quick ratio of 0.18 and a debt-to-equity ratio of 343.32.

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.