IBC Advanced Alloys (CVE:IB) Trading Down 16%

IBC Advanced Alloys Corp. (CVE:IB – Get Rating)’s stock price dropped 16% during trading on Friday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 128,000 shares were traded during mid-day trading, an increase of 192% from the average daily volume of 43,848 shares. The stock had previously closed at C$0.13.

IBC Advanced Alloys Stock Down 16.0 %

The stock has a market capitalization of C$10.51 million, a PE ratio of -3.50 and a beta of 0.75. The firm’s fifty day moving average is C$0.13 and its 200-day moving average is C$0.15. The company has a quick ratio of 0.18, a current ratio of 0.64 and a debt-to-equity ratio of 241.15.

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, bars, and rings, as well as specialty copper alloy forgings for industrial welding, oil and gas, plastic mold, metal melting, marine defense, electronic, and industrial equipment markets.