IBC Advanced Alloys (CVE:IB) Trading 21.4% Higher – Here’s Why

IBC Advanced Alloys Corp. (CVE:IB)’s share price was up 21.4% during trading on Monday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 43,355 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 46,824 shares. The stock had previously closed at C$0.07.

IBC Advanced Alloys Stock Up 28.6 %

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 business’s 50 day moving average price is C$0.09 and its 200 day moving average price is C$0.08. The firm has a market cap of C$7.18 million, a PE ratio of 4.75 and a beta of 1.16.

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.