IBC Advanced Alloys (CVE:IB) Shares Up 28.6% – Here’s Why

IBC Advanced Alloys Corp. (CVE:IBGet Free Report) was up 28.6% on Tuesday . 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 firm has a 50-day moving average of C$0.09 and a 200 day moving average of C$0.08. The company has a market capitalization of C$7.18 million, a PE ratio of 4.75 and a beta of 1.16. 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

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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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