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

IBC Advanced Alloys Corp. (CVE:IB)’s stock price dropped 14.3% on Wednesday . The stock traded as low as C$0.15 and last traded at C$0.18. Approximately 332,217 shares changed hands during mid-day trading, an increase of 431% from the average daily volume of 62,516 shares. The stock had previously closed at C$0.21.

IBC Advanced Alloys Trading Down 14.3%

The firm’s 50-day simple moving average is C$0.20 and its 200 day simple moving average is C$0.12. The stock has a market cap of C$20.60 million, a P/E ratio of -6.00 and a beta of 2.49. The company has a current ratio of 0.81, a quick ratio of 0.18 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.