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

IBC Advanced Alloys Corp. (CVE:IB)’s stock price shot up 28.6% during mid-day trading on Tuesday . The stock traded as high as C$0.09 and last traded at C$0.09. 392,855 shares changed hands during trading, an increase of 567% from the average session volume of 58,876 shares. The stock had previously closed at C$0.07.

IBC Advanced Alloys Stock Performance

The company has a 50-day moving average of C$0.09 and a 200-day moving average of C$0.08. The company has a quick ratio of 0.18, a current ratio of 0.81 and a debt-to-equity ratio of 343.32. The company has a market cap of C$7.18 million, a PE 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.