IBC Advanced Alloys Corp. (CVE:IB – Get Free Report)’s share price dropped 14.3% during mid-day trading on Wednesday . The stock traded as low as C$0.15 and last traded at C$0.18. Approximately 331,717 shares changed hands during trading, an increase of 431% from the average daily volume of 62,513 shares. The stock had previously closed at C$0.21.
IBC Advanced Alloys Stock Performance
The firm has a 50 day moving average of C$0.20 and a two-hundred day moving average of C$0.12. The company has a debt-to-equity ratio of 343.32, a current ratio of 0.81 and a quick ratio of 0.18. The stock has a market cap of C$20.60 million, a PE ratio of -6.00 and a beta of 2.49.
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.
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