Home / Market Movers / IBC Advanced Alloys Corp. (CDX:IB:CA) Leads TSX Venture Basic Materials Laggards with Drop of 3.19% on January 13

IBC Advanced Alloys Corp. (CDX:IB:CA) Leads TSX Venture Basic Materials Laggards with Drop of 3.19% on January 13

In sliding 3.19%, IBC Advanced Alloys Corp. (CDX:IB:CA) was one of the worst performing stocks amongst TSX Venture Exchange-listed basic materials companies on January 13. After closing the previous session at $0.47, shares of IB:CA opened this morning at $0.455 and closed the day at $0.455. Throughout the day, about 111,300 shares changed hands, compared to an average 30-day volume of 34,890 for IBC Advanced Alloys Corp.. Shares moved as high as $0.455 and as low as $0.43 in today’s trading action.

The share depreciation gives the company a market capitalization of $14.2 million based upon 30.21 million shares outstanding.

In the past 52 weeks, shares of IBC Advanced Alloys Corp. have traded as low as $0.4 and as high as $0.99. Technical traders will take note that at $0.455, shares of IB:CA are trading below their 50-day moving average (MA) at $0.469 and below their 200-day MA at below $0.605. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.

Who is $IBC Advan?

IBC Advanced Alloys Corp is engaged in the production and development of specialty alloy products. Its products include copper alloys and berryllium aluminium alloys. The company is led by its CEO David R. Heinz from its headquarters at 401 Arvin Road.

For more information on IBC Advan and other companies trading on the TSX Venture Exchange, as well as other Canadian and American stock exchanges, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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About the TSX Venture Exchange

Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.

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