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

IBC Advanced Alloys Corp. (CVE:IB)’s stock price traded up 28.6% on Monday . The company traded as high as C$0.09 and last traded at C$0.09. 391,855 shares traded hands during mid-day trading, an increase of 566% from the average session volume of 58,841 shares. The stock had previously closed at C$0.07.

IBC Advanced Alloys Price Performance

The company’s 50 day simple moving average is C$0.09 and its 200 day simple moving average is C$0.08. 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 market cap of C$7.18 million, a P/E ratio of 4.75 and a beta of 1.16.

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.