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

IBC Advanced Alloys Corp. (CVE:IB) shares shot up 28.6% during mid-day trading on Monday . The stock traded as high as C$0.09 and last traded at C$0.09. 392,855 shares traded hands during mid-day trading, an increase of 568% from the average session volume of 58,841 shares. The stock had previously closed at C$0.07.

IBC Advanced Alloys Stock Performance

The company has a market cap of C$7.18 million, a PE ratio of 4.75 and a beta of 1.16. The stock’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 quick ratio of 0.18 and a current ratio of 0.81.

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.