IBC Advanced Alloys (CVE:IB) Trading 28.6% Higher – Should You Buy?

Shares of IBC Advanced Alloys Corp. (CVE:IBGet Free Report) rose 28.6% on Monday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 381,855 shares changed hands during trading, an increase of 560% from the average daily volume of 57,841 shares. The stock had previously closed at C$0.07.

IBC Advanced Alloys Stock Performance

The business has a fifty day simple moving average of C$0.09 and a 200-day simple moving average of C$0.08. The firm has a market cap of C$7.18 million, a P/E ratio of 4.75 and a beta of 1.16. The company has a quick ratio of 0.18, a current ratio of 0.81 and a debt-to-equity ratio of 343.32.

IBC Advanced Alloys Company Profile

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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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