Ikkuma Resources Corp. (IKM.V) (CVE:IKM) Share Price Passes Above 50-Day Moving Average – Here’s Why

Ikkuma Resources Corp. (IKM.V) (CVE:IKM)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.46 and traded as high as C$0.47. Ikkuma Resources Corp. (IKM.V) shares last traded at C$0.46, with a volume of 18,600 shares trading hands.

Ikkuma Resources Corp. (IKM.V) Trading Down 8.0 %

The company has a market capitalization of C$50.29 million and a PE ratio of -0.91. The stock’s 50 day moving average is C$0.46 and its two-hundred day moving average is C$0.46. The company has a quick ratio of 0.38, a current ratio of 0.46 and a debt-to-equity ratio of 56.51.

Ikkuma Resources Corp. (IKM.V) Company Profile

Ikkuma Resources Corp., an oil and natural gas company, engages in the exploration and development of oil and gas resources in Western Canada. Its oil and gas properties are located in the foothills of Alberta and British Columbia. The company was formerly known as PanTerra Resource Corp. and changed its name to Ikkuma Resources Corp.