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

IBC Advanced Alloys Corp. (CVE:IB)’s share price was up 28.6% during trading on Tuesday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 392,855 shares were traded during trading, an increase of 567% from the average daily 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 company has a market cap of C$7.18 million, a price-to-earnings ratio of 4.75 and a beta of 1.16. The stock has a 50 day moving average price of C$0.09 and a two-hundred day moving average price of 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.