IBC Advanced Alloys (CVE:IB) Shares Up 28.6% – Here’s Why

IBC Advanced Alloys Corp. (CVE:IB)’s share price traded up 28.6% during mid-day trading on Monday . The stock traded as high as C$0.09 and last traded at C$0.09. 392,855 shares traded 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 Performance

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 stock has a market capitalization of C$7.18 million, a PE ratio of 4.75 and a beta of 1.16. The business’s 50 day moving average is C$0.09 and its 200 day moving average is C$0.08.

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.