IBC Advanced Alloys (CVE:IB) Shares Down 16.7% – What’s Next?

IBC Advanced Alloys Corp. (CVE:IBGet Free Report)’s share price traded down 16.7% during trading on Saturday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 212,066 shares traded hands during mid-day trading, an increase of 342% from the average daily volume of 47,986 shares. The stock had previously closed at C$0.06.

IBC Advanced Alloys Trading Down 16.7%

The company has a quick ratio of 0.18, a current ratio of 0.81 and a debt-to-equity ratio of 343.32. The company’s 50-day moving average price is C$0.07 and its 200-day moving average price is C$0.08. The firm has a market cap of C$3.99 million, a price-to-earnings ratio of 2.64 and a beta of 1.16.

About IBC Advanced Alloys

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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.

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