IBC Advanced Alloys (CVE:IB) Trading Up 28.6% – Time to Buy?

IBC Advanced Alloys Corp. (CVE:IB)’s share price shot up 28.6% during trading on Monday . The company traded as high as C$0.09 and last traded at C$0.09. 392,855 shares changed hands during mid-day trading, an increase of 567% from the average session volume of 58,876 shares. The stock had previously closed at C$0.07.

IBC Advanced Alloys Stock Up 28.6 %

The firm has a fifty day moving average price of C$0.09 and a 200 day moving average price of C$0.08. The company has a quick ratio of 0.18, a current ratio of 0.81 and a debt-to-equity ratio of 343.32. The company has a market cap of C$7.18 million, a P/E ratio of 4.75 and a beta of 1.16.

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.