IBC Advanced Alloys Corp.’s (CVE:IB) Share Price Boosted 42% But Its Business Prospects Need A Lift Too
The IBC Advanced Alloys Corp. (CVE:IB) share price has done very well over the last month, posting an excellent gain of 42%. Taking a wider view, although not as strong as the last month, the full year gain of 21% is also fairly reasonable.
Even after such a large jump in price, IBC Advanced Alloys may still be sending very bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 0.3x, since almost half of all companies in the Metals and Mining industry in Canada have P/S ratios greater than 5.5x and even P/S higher than 37x are not unusual. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so limited.
