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

IBC Advanced Alloys Corp. (CVE:IB)’s stock price fell 14.3% on Wednesday . The stock traded as low as C$0.15 and last traded at C$0.18. 332,217 shares were traded 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 Trading Down 14.3%

The business’s fifty day moving average is C$0.20 and its 200-day moving average is C$0.12. 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 firm has a market cap of C$20.60 million, a P/E ratio of -6.00 and a beta of 2.49.

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.