Ikkuma Resources Corp. (IKM.V) (CVE:IKM) Shares Cross Above 50 Day Moving Average – Here’s Why

Ikkuma Resources Corp. (IKM.V) (CVE:IKM) passed above its 50 day moving average during trading on Monday . 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 traded.

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

The company has a current ratio of 0.46, a quick ratio of 0.38 and a debt-to-equity ratio of 56.51. The firm has a market capitalization of C$50.29 million and a P/E ratio of -0.91. The company’s fifty day simple moving average is C$0.46 and its 200 day simple moving average is C$0.46.

About Ikkuma Resources Corp. (IKM.V)

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.