Is International Barrier Technology Inc. a Sell? The Stock Declines Again

 Is International Barrier Technology Inc. a Sell? The Stock Declines Again

The stock of International Barrier Technology Inc. (CVE:IBH) is a huge mover today! About 51,500 shares traded hands or 244.55% up from the average. International Barrier Technology Inc. (CVE:IBH) has risen 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.
The move comes after 6 months negative chart setup for the $14.23 million company. It was reported on Nov, 16 by Barchart.com. We have $0.26 PT which if reached, will make CVE:IBH worth $1.99M 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, Wsj.com published: “Supersonic Passenger Jet Edges Closer to Reality” on November 15, 2016. More interesting news about International Barrier Technology Inc. (CVE:IBH) were released by: Reuters.com and their article: “Samsung to buy car tech company Harman for $8 billion” published on November 14, 2016 as well as Prnewswire.com‘s news article titled: “Aelan Cell Technologies to Showcase Advances in Next Generation Regenerative …” with publication date: November 16, 2016.

International Barrier Technology Inc. makes and sells fire-rated building materials in the United States. The company has a market cap of $14.23 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 37.04 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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