IBC Advanced Alloys (CVE:IB) Shares Up 28.6% – Still a Buy?

IBC Advanced Alloys Corp. (CVE:IB)’s stock price shot up 28.6% during trading on Tuesday . The company traded as high as C$0.09 and last traded at C$0.09. 392,855 shares were traded 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 Up 28.6 %

The stock’s fifty day moving average is C$0.09 and its 200 day moving average is C$0.08. The company has a current ratio of 0.81, a quick ratio of 0.18 and a debt-to-equity ratio of 343.32. The company has a market capitalization of C$7.18 million, a P/E ratio of 4.75 and a beta of 1.16.

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.