IBC Advanced Alloys (CVE:IB) Trading Up 29.4% – Still a Buy?

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

IBC Advanced Alloys Stock Up 29.4%

The business has a fifty day moving average of C$0.09 and a 200 day moving average of C$0.07. The firm has a market cap of C$25.17 million, a P/E ratio of -11.00 and a beta of 2.41. The company has a quick ratio of 0.18, a current ratio of 0.81 and a debt-to-equity ratio of 343.32.

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.