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

IBC Advanced Alloys Corp. (CVE:IB)’s share price was down 14.3% during trading on Wednesday . The stock traded as low as C$0.15 and last traded at C$0.18. Approximately 332,217 shares changed hands during mid-day trading, an increase of 431% from the average daily volume of 62,516 shares. The stock had previously closed at C$0.21.

IBC Advanced Alloys Price Performance

The firm has a fifty day moving average price of C$0.20 and a two-hundred day moving average price of C$0.12. 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$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.