IBC Advanced Alloys (CVE:IB) Stock Price Down 23.3% – What’s Next?

IBC Advanced Alloys Corp. (CVE:IB) shares dropped 23.3% on Tuesday . The company traded as low as C$0.16 and last traded at C$0.17. Approximately 257,360 shares traded hands during trading, an increase of 400% from the average daily volume of 51,462 shares. The stock had previously closed at C$0.22.

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’s fifty day simple moving average is C$0.20 and its 200 day simple moving average is C$0.14. The company has a market cap of C$18.88 million, a price-to-earnings ratio of -5.50 and a beta of 2.37.

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.