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

IBC Advanced Alloys Corp. (CVE:IB) fell 14.3% during trading on Thursday . The stock traded as low as C$0.15 and last traded at C$0.18. 332,217 shares traded hands during mid-day 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 Stock Performance

The stock 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 market cap of C$20.60 million, a P/E ratio of -6.00 and a beta of 2.49. The company has a debt-to-equity ratio of 343.32, a current ratio of 0.81 and a quick ratio of 0.18.

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.