IBC Advanced Alloys (CVE:IB) Shares Up 28.6% – What’s Next?

Shares of IBC Advanced Alloys Corp. (CVE:IB) shot up 28.6% during trading on Monday . The company traded as high as C$0.09 and last traded at C$0.09. 392,855 shares changed hands during mid-day trading, an increase of 567% from the average session volume of 58,876 shares. The stock had previously closed at C$0.07.

IBC Advanced Alloys Price Performance

The business’s 50-day moving average price is C$0.09 and its 200 day moving average price is C$0.08. 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 market capitalization of C$7.18 million, a P/E ratio of 4.75 and a beta of 1.16.

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.