IBC Advanced Alloys (CVE:IB) Stock Price Down 14.3% – Here’s What Happened

Shares of IBC Advanced Alloys Corp. (CVE:IB) dropped 14.3% during 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 mid-day 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 Down 14.3%

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 business’s fifty day moving average price is C$0.20 and its two-hundred day moving average price is C$0.12. The firm has a market cap of C$20.60 million, a P/E ratio of -6.00 and a beta of 2.49.

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.