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

IBC Advanced Alloys Corp. (CVE:IB) shares shot up 28.6% on Monday . The company traded as high as C$0.09 and last traded at C$0.09. 391,855 shares changed hands during mid-day trading, an increase of 570% from the average session volume of 58,497 shares. The stock had previously closed at C$0.07.

IBC Advanced Alloys Stock Up 28.6 %

The stock’s 50 day simple moving average is C$0.09 and its two-hundred day simple moving average is 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 debt-to-equity ratio of 343.32, a current ratio of 0.81 and a quick ratio of 0.18.

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.