IBC Advanced Alloys (CVE:IB) Trading Up 28.6% – Should You Buy?

IBC Advanced Alloys Corp. (CVE:IB) shares were up 28.6% on Monday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 381,855 shares traded hands during trading, an increase of 560% from the average daily volume of 57,841 shares. The stock had previously closed at C$0.07.

IBC Advanced Alloys Stock Performance

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 company has a market capitalization of C$7.18 million, a price-to-earnings ratio of 4.75 and a beta of 1.16. The stock’s fifty day simple moving average is C$0.09 and its 200-day simple moving average is C$0.08.

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.