International Barrier Technology Inc. Declines Again; Strong Momentum for Sellers

 International Barrier Technology Inc. Declines Again; Strong Momentum for Sellers

The stock of International Barrier Technology Inc. (CVE:IBH) is a huge mover today! The stock decreased 2.94% or $0.01 on October 31, hitting $0.33. About 51,850 shares traded hands or 261.93% up from the average. International Barrier Technology Inc. (CVE:IBH) has risen 6.00% since October 1, 2016 and is uptrending. It has outperformed by 2.53% the S&P500.
The move comes after 5 months negative chart setup for the $16.15 million company. It was reported on Oct, 31 by Barchart.com. We have $0.29 PT which if reached, will make CVE:IBH worth $2.10M less.

More notable recent International Barrier Technology Inc. (CVE:IBH) news were published by: Businesswire.com which released: “LP to Add FlameBlock® Fire-Rated OSB Sheathing Line at Clarke County, Alabama …” on August 04, 2015, also Businesswire.com with their article: “LP Celebrates Ground Breaking of FlameBlock® Fire-Rated OSB Sheathing Line at …” published on January 06, 2016, Prnewswire.com published: “NuCerity Scientific Advisor Presents Findings on Breathable Barrier Technology …” on May 10, 2016. More interesting news about International Barrier Technology Inc. (CVE:IBH) were released by: Seekingalpha.com and their article: “New Oriental Education: Growth And Profitability” published on October 31, 2016 as well as Seekingalpha.com‘s news article titled: “Amazon Or Microsoft, Which Is The Better Cloud Investment?” with publication date: October 31, 2016.

International Barrier Technology Inc. makes and sells fire-rated building materials in the United States. The company has a market cap of $16.15 million. The Company’s product, Pyrotite, a fire-barrier material consists of the formulation reinforced with chopped fiberglass strands and applied directly to structural sheathing (oriented strand board (OSB) or plywood) designed to prevent ignition and inhibit the spread of flames. It has a 40.94 P/E ratio. The product is marketed through supply agreements as LP FlameBlock Fire-Rated OSB Sheathing into Residential Roof Deck, Wall Assembly, Wildland Urban Interface Zones and Structurally Insulated Panel (SIP) market, and Blazeguard FR Deck Panel into the commercial modular market.

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