IBC Advanced Alloys (CVE:IB) Shares Down 28.6% – Should You Sell?

IBC Advanced Alloys Corp. (CVE:IB) was down 28.6% during mid-day trading on Wednesday . The company traded as low as C$0.15 and last traded at C$0.15. Approximately 263,217 shares traded hands during mid-day trading, an increase of 324% from the average daily volume of 62,128 shares. The stock had previously closed at C$0.21.

IBC Advanced Alloys Stock Down 14.3%

The company has a debt-to-equity ratio of 343.32, a quick ratio of 0.18 and a current ratio of 0.81. The stock’s fifty day simple moving average is C$0.20 and its two-hundred day simple moving average is C$0.12. The stock has a market capitalization of C$20.60 million, a P/E 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.