IBC Advanced Alloys (CVE:IB) Shares Down 23.3% – Here’s Why

IBC Advanced Alloys Corp. (CVE:IBGet Free Report) shares fell 23.3% during trading on Tuesday . The stock traded as low as C$0.16 and last traded at C$0.17. 257,360 shares traded hands during mid-day trading, an increase of 400% from the average session volume of 51,462 shares. The stock had previously closed at C$0.22.

IBC Advanced Alloys Trading Down 7.0%

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 company has a 50-day moving average price of C$0.20 and a 200-day moving average price of C$0.14. The company has a market capitalization of C$22.89 million, a price-to-earnings ratio of -6.67 and a beta of 2.37.

IBC Advanced Alloys Company Profile

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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.

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