IBC Advanced Alloys (CVE:IB) Trading 28.6% Higher – Here’s What Happened

IBC Advanced Alloys Corp. (CVE:IB)’s stock price shot up 28.6% during trading on Monday . The stock traded as high as C$0.09 and last traded at C$0.09. 381,855 shares changed hands during mid-day trading, an increase of 560% from the average session volume of 57,841 shares. The stock had previously closed at C$0.07.

IBC Advanced Alloys Stock Performance

The company has a market capitalization of C$7.18 million, a price-to-earnings 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. The stock has a 50 day simple moving average of C$0.09 and a two-hundred day simple moving average of C$0.08.

About IBC Advanced Alloys

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.