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

Ikkuma Resources Corp. (IKM.V) (CVE:IKM) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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.

Ikkuma Resources Corp. (IKM.V) Price Performance

The business has a 50-day simple moving average of C$0.46 and a two-hundred day simple moving average of 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. The stock has a market capitalization of C$50.29 million and a price-to-earnings ratio of -0.91.

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.