The managers of IBC Advanced Alloys Corp. (CVE:IB), (PINK:IAALF) (“IBC”) seem to do the right thing. They continue making hard efforts to support the performance of the company’s stock. The corporation has been issuing one positive release after another over the last week.

IBC_Alloys_-_Chart_-_4_May_2011.jpgIBC’s directors certainly know how to boost the shares up. Yesterday, they did this through a positive release containing encouraging news. As a result, the stock jumped significantly up on two markets. The rise was additionally confirmed by the large turnover.

On the TSX Venture Exchange (CVE), the shares gained approximately 19% yesterday, finishing the session at $0.22. This is also a new yearly-high for the stock. The trading volume of 3.3M was substantially above the average.

Almost identical was the picture on the American OTC market. Not only did IAALF climb 12.2% up, but also a 1-year volume high was noted. Today’s session seems to be a hot one too and promises to provide fresh records. The stock set a 52-week peak of $0.252 at the start of the trading.

The shares’ surge was probably driven by yesterday’s company announcement in which IBC gave an update on its Utah exploration program and informed about a planned summer drill program.

IBC_Alloys_-_Logo.jpgIBC is a manufacturer and distributor of rare-metals based alloys (namely beryllium) used in a variety of industries – nuclear energy, automotive, telecommunications. The company owns production facilities in several states in the USA and “prospective” beryllium properties in the western part of the country.

To the mentioned positive news, we should add IBC’s participation in scientific conferences. This Monday, the company gave detailed information about the 10th IEA International Workshop on Beryllium Technology, which IBC will host in October. Earlier in April, the corporation signed collaborative research agreements with Purdue University and Texas Engineering Experiment Station to further advance its nuclear fuels project.