IBC Advanced Alloys (CVE:IB) Stock Price Up 21.6% – Still a Buy?

IBC Advanced Alloys Corp. (CVE:IBGet Free Report)’s share price shot up 21.6% on Monday . The stock traded as high as C$0.23 and last traded at C$0.23. 382,292 shares traded hands during mid-day trading, an increase of 515% from the average session volume of 62,191 shares. The stock had previously closed at C$0.19.

IBC Advanced Alloys Stock Down 8.9%

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 firm has a market cap of C$23.46 million, a price-to-earnings ratio of -6.83 and a beta of 2.49. The firm’s 50 day simple moving average is C$0.18 and its two-hundred day simple moving average is C$0.10.

About IBC Advanced Alloys

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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.

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