IBC Advanced Alloys (CVE:IB) Shares Up 21.6% – Should You Buy?

Shares of IBC Advanced Alloys Corp. (CVE:IB) were up 21.6% during mid-day trading on Monday . The stock traded as high as C$0.23 and last traded at C$0.23. Approximately 382,292 shares were traded during trading, an increase of 515% from the average daily volume of 62,191 shares. The stock had previously closed at C$0.19.

IBC Advanced Alloys Stock Performance

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 stock has a market capitalization of C$24.60 million, a price-to-earnings ratio of -7.17 and a beta of 2.49. The stock’s 50-day simple moving average is C$0.17 and its 200 day simple moving average is C$0.10.

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.