IBC Advanced Alloys (CVE:IB) Trading Down 23.3% – Time to Sell?

IBC Advanced Alloys Corp. (CVE:IBGet Free Report) shares were down 23.3% during trading on Monday . The stock traded as low as C$0.16 and last traded at C$0.17. Approximately 220,260 shares were traded during mid-day trading, an increase of 391% from the average daily volume of 44,855 shares. The stock had previously closed at C$0.22.

IBC Advanced Alloys Stock Performance

The stock’s 50-day moving average price is C$0.20 and its 200 day moving average price is C$0.14. The company has a debt-to-equity ratio of 343.32, a current ratio of 0.81 and a quick ratio of 0.18. The firm has a market cap of C$24.60 million, a P/E ratio of -7.17 and a beta of 2.37.

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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