IBC Advanced Alloys (CVE:IB) Trading Up 24.3% – Here’s Why

IBC Advanced Alloys Corp. (CVE:IB)’s share price was up 24.3% on Monday . The company traded as high as C$0.23 and last traded at C$0.23. Approximately 353,792 shares were traded during mid-day trading, an increase of 485% from the average daily volume of 60,452 shares. The stock had previously closed at C$0.19.

IBC Advanced Alloys Trading Down 8.9%

The company has a current ratio of 0.81, a quick ratio of 0.18 and a debt-to-equity ratio of 343.32. The stock has a market capitalization of C$23.46 million, a P/E ratio of -6.83 and a beta of 2.49. The business’s fifty day simple moving average is C$0.18 and its two-hundred day simple moving average is C$0.10.

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.