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

Ikkuma Resources Corp. (IKM.V) (CVE:IKM)’s stock 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 changing hands.

Ikkuma Resources Corp. (IKM.V) Price Performance

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

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.