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

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

IBC Advanced Alloys Price Performance

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

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.