IBC Advanced Alloys (CVE:IB) Shares Up 29.4% – Here’s Why

IBC Advanced Alloys Corp. (CVE:IB) shares shot up 29.4% during mid-day trading on Friday . The stock traded as high as C$0.25 and last traded at C$0.22. 394,128 shares traded hands during trading, an increase of 548% from the average session volume of 60,815 shares. The stock had previously closed at C$0.17.

IBC Advanced Alloys Trading Up 29.4%

The company has a fifty day simple moving average of C$0.09 and a two-hundred day simple moving average of C$0.07. The company has a current ratio of 0.81, a quick ratio of 0.18 and a debt-to-equity ratio of 343.32. The company has a market cap of C$25.17 million, a PE ratio of -11.00 and a beta of 2.41.

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.